Graham Novak,Founder of the ConstitutionDAO People

Graham Novak, Founder of the ConstitutionDAO, understands what it takes to create a DAO at scale and within legal parameters. The ConstitutionDAO he started about a year ago had a single purpose: to purchase one of the 13 surviving copies of the U.S. Constitution. Within weeks, Novak and 28 teammates launched a decentralized autonomous organization, raised significant funds, and participated in an auction to acquire a symbol of the American experiment.

“What caught everybody’s attention about the ConstitutionDAO was the amount of money raised and the subject matter,” says Donna Redel, Adjunct Professor, Fordham Law.

The numbers speak for themselves: 20,000 people contributed to the DAO’s Discord channel, 17,000 people donated ether to the ConstitutionDAO, and 7,000 new wallets joined the crypto ecosystem. In total, the DAO collected ether valued at about $45,000,000.