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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Nov 19, 2021

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

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Episode Links


Will Papper




Sotheby’s Auction


ConstitutionDAO’s Statement After Losing Auction