Unconfirmed: ConstitutionDAO Did Not Win the Auction. But It Demonstrated the Power of DAOs - Ep.291

Will Papper, SyndicateDAO co-founder and ConstitutionDAO contributor, tells the story of how a group of internet friends came together as a DAO to crowdfund a $41 million bid at a Sotheby’s auction for a physical copy of the US Constitution. Show highlights:
how Will and other ConstitutionDAO members feel after losing the auction
the significance of ConstitutionDAO despite its loss
whether Will knows who the other bidder was
why museums began reaching out to ConstitutionDAO and seem to be excited about DAOs moving forward
why there was so much confusion over who was the bidder for the DAO and whether it had won
why ConstitutionDAO did not bid more than $41 million -- even though the crowdfund was at nearly $50 million
why ConstitutionDAO did not have a crypto-whale help keep the bidding war going
how ConstitutionDAO plans to refund participants
what Will thinks about using a layer 2 solution to refund ETH for ConstitutionDAO donations
how the idea for ConstitutionDAO came about
what role Will had in the formation of ConstitutionDAO
what lessons can be learned from ConstitutionDAO
what’s next for DAOs in general
Thank you to our sponsors!
Avado: ava.do
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021   
Nodle: https://bit.ly/3AXGydJ   
 
Episode Links
 
Will Papper
Twitter: https://twitter.com/WillPapper

LinkedIn: https://www.linkedin.com/in/wpapper 
 
ConstitutionDAO
Twitter: https://twitter.com/ConstitutionDAO 
Website: https://www.constitutiondao.com/ 
Contribution page: https://juicebox.money/#/p/constitutiondao 
 
Sotheby’s Auction
YouTube: https://www.youtube.com/watch?v=1TBa-9Lx3vc 
 
ConstitutionDAO’s Statement After Losing Auction
​​https://twitter.com/ConstitutionDAO/status/1461527516670316544 

https://twitter.com/ConstitutionDAO/status/1461498841820192771 
 
Press
Not Boring: https://www.notboring.co/p/lets-buy-the-us-constitution 
Stratechery: https://stratechery.com/2021/constitutiondao-the-need-for-trust-memes-and-reality/ 
New York Times: https://www.nytimes.com/2021/11/17/business/crypto-constitution-sothebys.html?smid=tw-share

Wall Street Journal: https://www.wsj.com/articles/crypto-investors-want-to-buy-rare-copy-of-u-s-constitution-at-sothebys-auction-11637071590 
The Defiant: https://thedefiant.io/dao-constitution-4m/

CoinDesk: https://www.coindesk.com/tech/2021/11/15/i-think-were-doing-this-inside-one-daos-20m-plot-to-purchase-the-us-constitution/ 
William Lobkowicz tweet thread: https://twitter.com/WRLobkowicz/status/1461401142953402371 

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Will Papper, SyndicateDAO co-founder and ConstitutionDAO contributor, tells the story of how a group of internet friends came together as a DAO to crowdfund a $41 million bid at a Sotheby’s auction for a physical copy of the US Constitution. Show highlights:

how Will and other ConstitutionDAO members feel after losing the auction the significance of ConstitutionDAO despite its loss whether Will knows who the other bidder was why museums began reaching out to ConstitutionDAO and seem to be excited about DAOs moving forward why there was so much confusion over who was the bidder for the DAO and whether it had won why ConstitutionDAO did not bid more than $41 million -- even though the crowdfund was at nearly $50 million why ConstitutionDAO did not have a crypto-whale help keep the bidding war going how ConstitutionDAO plans to refund participants what Will thinks about using a layer 2 solution to refund ETH for ConstitutionDAO donations how the idea for ConstitutionDAO came about what role Will had in the formation of ConstitutionDAO what lessons can be learned from ConstitutionDAO what’s next for DAOs in general

Thank you to our sponsors!

Avado: ava.do

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021   

Nodle: https://bit.ly/3AXGydJ   

 

Episode Links

 

Will Papper

Twitter: https://twitter.com/WillPapper
LinkedIn: https://www.linkedin.com/in/wpapper 

 

ConstitutionDAO

Twitter: https://twitter.com/ConstitutionDAO  Website: https://www.constitutiondao.com/  Contribution page: https://juicebox.money/#/p/constitutiondao 

 

Sotheby’s Auction

YouTube: https://www.youtube.com/watch?v=1TBa-9Lx3vc 

 

ConstitutionDAO’s Statement After Losing Auction

​​https://twitter.com/ConstitutionDAO/status/1461527516670316544 
https://twitter.com/ConstitutionDAO/status/1461498841820192771 

 

Press

Not Boring: https://www.notboring.co/p/lets-buy-the-us-constitution  Stratechery: https://stratechery.com/2021/constitutiondao-the-need-for-trust-memes-and-reality/  New York Times: https://www.nytimes.com/2021/11/17/business/crypto-constitution-sothebys.html?smid=tw-share
Wall Street Journal: https://www.wsj.com/articles/crypto-investors-want-to-buy-rare-copy-of-u-s-constitution-at-sothebys-auction-11637071590  The Defiant: https://thedefiant.io/dao-constitution-4m/
CoinDesk: https://www.coindesk.com/tech/2021/11/15/i-think-were-doing-this-inside-one-daos-20m-plot-to-purchase-the-us-constitution/  William Lobkowicz tweet thread: https://twitter.com/WRLobkowicz/status/1461401142953402371 

Learn more about your ad choices. Visit megaphone.fm/adchoices