ConstitutionDAO will shut down after losing bid for Constitution

ConstitutionDAO will shut down after losing bid for Constitution


One of 13 remaining copies of the Official Edition of the Constitution. | Image: Sotheby’s

The organizers behind ConstitutionDAO have decided to shut the group down after raising $47 million in cryptocurrency and then failing to win an auction for a rare copy of the US Constitution.

Many members of ConstitutionDAO had expressed hope that the group could live on, albeit with some alternative goal given that there are currently no other famous copies of the Constitution at auction. Group leaders initially floated launching a new token for members who wanted to take part in the group’s continuation, called We The People tokens, but later backtracked, saying they should have given it more consideration. It was never made clear what, exactly, the group might focus on if it were to continue.

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