One month after Sotheby’s announced it would be auctioning off another original copy of the U.S. Constitution, a decentralized autonomous organization (DAO) called UnumDAO, also known as “ConstitutionDAO2,” is trying to buy it.
ConstitutionDAO2’s mission is to “start a collection of civic artifacts that are totally run by the people,” according to a tweet. It has so far raised 27.8 ETH (around $34,000) as of Wednesday in public contributions from 120 wallets, though a representative said the amount raised privately is much greater. The new auction will be held live at Sotheby’s auction house in New York on Dec. 13.
The new DAO will use non-fungible tokens (NFTs) to manage the artifact’s governance if it does end up winning the auction. Contributors can choose from four different NFT tiers: 0.1 ETH (around $122) for “Citizen,” 1 ETH (around $1,220) for “Representative,” 10 ETH (around $12,220) for “Senator” and 100 ETH (around $122,000) for “Executive.” The document itself would be legally owned by a nonprofit organization called UnumDAO.
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