The ConstitutionDAO: redefining crowdfunding in the age of decentralized finance

What is it about?

ConstitutionDAO, a decentralized autonomous organization, raised over $40 million in Ethereum from more than 17,000 contributors to bid on a rare 1787 copy of the U.S. Constitution. Despite their efforts, they lost the auction due to blockchain transparency revealing their financial limits, highlighting both the potential and challenges of decentralized finance in high-stakes transactions.

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