ConstitutionDAO seeks to buy U.S. Constitution with cryptocurrency bid

A number of people are trying to buy a rare print of the 1787 US Constitution at auction using cryptocurrency donations, BBC News reports.

  • The effort includes more than $40 million in cryptocurrency donations.
  • If the display is successful, it is unclear whether the printing will change or not.

The group – called ConstitutionDAO (DAO stands for “Decentralized Autonomous Organization”) – said it wanted to “put the constitution in the hands of the people”.

  • The New York Times recently reported on the group, which led to a $10 million increase in donations.

According to BBC News, there are 13 known copies of the United States Constitution that survived the original 500 copies after the text was settled and written at the Constitutional Convention in Philadelphia, Pennsylvania.

According to The Verge, if ConstitutionDAO wins the bid, it will find a partner organization to display the copy to visitors for free.

  • “If they lose, the money will be returned to shareholders, minus fees,” The Verge reports.

We will know the results of the bid on Thursday at 4:30 pm Muscat time.

This major move comes at a time when cryptocurrency quotes are taking over other public aspects of our lives. For example, the legendary Staples Center in Los Angeles will soon be renamed Crypto.com Arena After striking a deal to rename the site, she wrote for Deseret News.

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