Crypto collective loses bid for rare copy of US Constitution to hedge fund mogul

Griffin plans to loan the document to the Crystal Bridges Museum of American Art in Bentonville, Arkansas.

Though it didn’t win,ConstitutionDAO’s effort was a high-profile example of cryptocurrency crowdfunding.

The rules allow for everything from fundraising to decision-making to be carried out through general consensus.

ConstitutionDAO’s purchase isn’t the first time a cryptocurrency collective has expressed interest in purchasing an expensive artifact.

Before that, PleasrDAO bought an NFT created by Edward Snowden for$5.5 million.

Almost 17,500 donors contributed to ConstitutionDAO at a median contribution of $206.26.

Participants can get refunds of their contributions minus web connection charges.