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