April 2, 2023

Cryptocurrency investors are trying to buy a copy of the US Constitution

Group of Investors Cryptocurrencies He took the concept of “we are the people” American Constitution To the next level. They raised money to buy a rare copy of the document – and claimed to have raised US $ 40 million (approximately R $ 220 million).

But despite the large amount of money raised, the group was unable to purchase the document.

Sotheby’s auction house sold one of the first copies of the US Constitution on Thursday for $ 41 million (approximately R $ 225 million).

A group called “Constitution DAO” said they wanted to buy the item and planned to partner with another company to show it. But after the auction, the panel issued a statement indicating the failure.

“While this is not the result we expected, we made history tonight. It is the largest cryptocurrency crowdfunding for a physical object we know of.

Fundraisers can “recoup their value,” the panel said.

If you think about what DAO is, it means “decentralized autonomous system”. DAOs are structured using blockchain, the main tool for Bitcoin and other cryptocurrency transactions.

Investors who contributed to the funding of the Constitution have made extensive use of the world’s second-most valuable cryptocurrency, Ethereum, to pay for their share.

Proponents of her case have been working to make the actual transcript of this statement available online.

Prior to the auction, Sotheby’s website listed the estimated sale price for this document as $ 15 million to $ 20 million (approximately $ 80 million to $ 110 million), which is believed to be one of the remaining thirteen copies of the document.

Cryptocurrencies are becoming increasingly popular payment methods in the art world.

Sotheby’s, in particular, adopted bitcoin and ethereum as a way for collectors to bid on artwork and other items. Earlier this year, Sotheby’s said it would accept bitcoin or ether as payment for the work of popular street artist Banksy.

(Translated text. Click here Read in original English)