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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
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Episode Links
Will Papper
ConstitutionDAO
Sotheby’s Auction
ConstitutionDAO’s Statement After Losing Auction
Press
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