ConstitutionDAO

ConstitutionDAO was an online community of people who pooled their money through cryptocurrency to buy a rare copy of the U.S. Constitution. They aimed to create a decentralized organization owned collectively by members. In 2021, they raised over $40 million but ultimately failed to secure the auctioned document, which was bought by a private collector. The effort showcased how digital communities can collaborate financially on high-stakes projects, highlighting both the potential and challenges of decentralized collective action using blockchain technology.