ConstitutionDAO Did Not Win the Auction. But It Demonstrated the Power of DAOs

Will Papper, SyndicateDAO co-founder and ConstitutionDAO contributor, tells the story of how a group of internet friends came together as a DAO to crowdfund a $41 million bid at a Sotheby’s auction for a physical copy of the US Constitution. Show highlights:

how Will and other ConstitutionDAO members feel after losing the auction
the significance of ConstitutionDAO despite its loss
whether Will knows who the other bidder was
why museums began reaching out to ConstitutionDAO and seem to be excited about DAOs moving forward
why there was so much confusion over who was the bidder for the DAO and whether it had won
why ConstitutionDAO did not bid more than $41 million — even though the crowdfund was at nearly $50 million
why ConstitutionDAO did not have a crypto-whale help keep the bidding war going
how ConstitutionDAO plans to refund participants
what Will thinks about using a layer 2 solution to refund ETH for ConstitutionDAO donations
how the idea for ConstitutionDAO came about
what role Will had in the formation of ConstitutionDAO
what lessons can be learned from ConstitutionDAO
what’s next for DAOs in general