Crypto Insider: ConstitutionDAO Demonstrates the Energy of the Crowd

It’s nearly Thanksgiving. So within the spirit of giving, we’ve got a deal with for Early Investing subscribers.

We’re grateful in your assist of Early Investing. So whereas we usually solely supply our Crypto Insider movies to First Stage Investor subscribers, we’re sharing at present’s video with the Early Investing neighborhood. (In case you’d prefer to get extra of those movies, try First Stage Investor.)

Buckle up. This one’s a doozy.

Final week, a neighborhood of crypto buyers crowdfunded greater than $40 million in simply 72 hours. The group’s objective was to purchase a replica of the U.S. Structure in an public sale. ConstitutionDAO — the decentralized autonomous group that pooled investor cash to bid on the historic doc — sadly misplaced the bid to hedge fund CEO Kenneth Griffin. 

Regardless of the loss, the crowdfunding effort was a outstanding feat. ConstitutionDAO generated tons of publicity for the public sale, demonstrated the unbelievable energy of crowdsourcing and confirmed simply how impactful DAOs will be. 

On this episode of Crypto Insider, Vin Narayanan and Andy Gordon focus on the motion’s seemingly anti-1% sentiment, Griffin’s anti-crypto views, Ethereum’s watershed second and extra. 

Thanks for watching!