After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions

After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
As the dust settles on one of the most ambitious crypto experiments in recent memory, a host of questions remain unanswered – starting with the fate of over $49 million in donations.On Thursday night, auction house Sotheby’s played host to an unusual bidder: ConstitutionDAO, an ad-hoc group of over 17,000 donors who pitched in to collectively buy a rare print of the Constitution of the United States.While the bidding ended at $43.2 million – below the $49.5 million the decentralized autonomous organization (DAO) raised – the predicted cost associated with insurance, storage, auction fees and transport, among other overhead, prevented…