Source: AdobeStock/James Steidl ConstitutionDAO, a decentralized autonomous organization (DAO) that was formed to pool funds in an effort to bid on a rare, first-edition printed copy of the US Constitution, has raised over USD 40m – two times more than the auction house Sotheby’s upper estimate.
The document is one of only 13 surviving first-edition copies from a run of 500 originally printed, and will be auctioned off on Thursday by the major auction house.
Sotheby’s has valued the document between USD 15m – USD 20m. The DAO, which was formed just last Thursday, began collecting capital via the fundraising platform JuiceBox.
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