Safe to say buying one of the last surviving copies of the Constitution would be a DAO first as well. His group, Syndicate, also helped another organization formally purchase a 40-acre tract of land in Wyoming earlier this month, in what is believed to be the first-ever land purchase by a DAO. If there are DAO experts, the mid-twenties Papper is one of the few. Everyone can choose where and how the Constitution is displayed," Will Papper, one of the DAO's founding members and the co-founder of Syndicate Protocol, told Protocol. "It's a much more participatory way to interact with history. (The National Archives Museum in Washington already has a copy on display, by the way.)
The creators of the group (led by Julian Weisser, the co-founder of On Deck, and Alice Ma, an advocate for decentralized communities) say they hope that the DAO's members will vote to put the Constitution on a traveling exhibit to places that might not usually get to see it in a museum, or temporarily preserve or host it someplace safe, like the Smithsonian. If this is confusing to you, think of shareholders in a public company voting on a merger proposal.) Member voting power is typically proportional to the amount of money each member contributes to the DAO in the form of a token purchase. (A DAO, by the way, is a group governed by a contract written in software, with decisions made by the votes of its members. Never mind that "National Treasure" is actually about the Declaration of Independence. If and when they do, the DAO promises, contributors will get to see the treasure map on the back. In just over four days, the idea that a decentralized autonomous organization could purchase precious historical art at a Sotheby's auction went from a funny Twitter meme to a hilariously serious reality of a group of people with a Discord server and a formal business organization fully prepared to spend tens of millions of dollars. The Founding Fathers never had it this easy. By Wednesday night, the group had blown past its $20 million goal and set a new cap at $30 million. Sotheby's estimates that the document will sell for somewhere between $15 and $20 million, though it's impossible to know what the final bid may be - and ConstitutionDAO wants to raise enough funds to win no matter what.
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