3 ms·
Sure, DAOs (Decentralized autonomous organizations[0]) have been around for a few years but lately people have been using them to fund raise and try to buy stuf
by f0e4c2f7 5y ago
Sure, DAOs (Decentralized autonomous organizations[0]) have been around for a few years but lately people have been using them to fund raise and try to buy stuff. Famously, "ConstitutionDAO" raised over $40M in an attempt (emphasis on attempt) to buy one of the copies of the US constitution.
Another DAO, "Krause House" is attempting to buy an NBA team.[1]
Instead of having one investor buy a domain, people could fund a DAO to buy the domain. Projects might be able to buy unusually expensive domains that way.
[0] https://en.wikipedia.org/wiki/Decentralized_autonomous_organization https://en.wikipedia.org/wiki/Decentralized_autonomous_organ...
[1] https://www.npr.org/2021/11/26/1059413217/crypto-enthusiasts-want-to-buy-an-nba-team-after-failing-to-purchase-us-constitu https://www.npr.org/2021/11/26/1059413217/crypto-enthusiasts...