From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding

Jonah Erlich is one of the core members of a group called ConstitutionDAO, a group that raised $47 Million to try to buy one of the original copies of the United States Constitution at an auction held by the high-end auction house Sotheby’s.

Links: ConstitutionDAO Endaoment Crypto collective raises $27 million to bid for rare copy of US Constitution ConstitutionDAO loses $43 million auction of rare US Constitution copy ConstitutionDAO will shut down after losing bid for Constitution Almost buying a copy of the Constitution is easy, but giving the money back is hard Code is Law Ice Bucket Challenge dramatically accelerated the fight against ALS Iwata Asks: Just Being President Was A Waste! Succession Could ConstitutionDAO's PEOPLE token be the next meme coin?

Transcript: https://www.theverge.com/e/22584604

Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott. We are edited by Callie Wright. Our music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices