ConstitutionDAO (PEOPLE) was a decentralised autonomous organisation (DAO) formed in November 2021 to purchase an original copy of the U.S. Constitution. It raised $47 million via Ether contributions but lost the auction. The native token, $PEOPLE, granted participants voting rights and a stake in the project's governance. Although the DAO disbanded after the failed bid, it demonstrated the potential of blockchain for collective ownership and decentralised decision-making. ConstitutionDAO was created by Trent Griffin and a group of cryptocurrency enthusiasts, showcasing blockchain's application in acquiring and managing rare assets.
