From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding

Decoder with Nilay Patel

Jonah Erlich is one of the core members of a group called ConstitutionDAO, a group that raised $47 Million to try to buy one of the original copies of the United States Constitution at an auction held by the high-end auction house Sotheby’s.

Links:

ConstitutionDAO

Endaoment

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ConstitutionDAO loses $43 million auction of rare US Constitution copy

ConstitutionDAO will shut down after losing bid for Constitution

Almost buying a copy of the Constitution is easy, but giving the money back is hard

Code is Law

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Iwata Asks: Just Being President Was A Waste!

Succession

Could ConstitutionDAO's PEOPLE token be the next meme coin?

Transcript:

https://www.theverge.com/e/22584604

Credits:

Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott. We are edited by Callie Wright. Our music is by Breakmaster Cylinder.

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