PEOPLE ConstitutionDAO Rank #679

ConstitutionDAO was a decentralized autonomous organization formed in November 2021 with the goal of collectively purchasing an original copy of the United States Constitution at a Sotheby's auction. Built on the Ethereum blockchain, it enabled contributors from around the world to pool funds in exchange for PEOPLE governance tokens. The initiative drew significant public attention, raising tens of millions of dollars from a large number of participants in a short period, demonstrating how internet-native communities could coordinate capital quickly through decentralized infrastructure. The DAO was ultimately outbid at the auction and did not acquire the document. Following the event, contributors were offered refunds, and the organization was wound down. Despite this, the PEOPLE token persisted in circulation, retained by many participants as a keepsake of the effort. It subsequently developed an independent identity within the broader crypto ecosystem, trading as a meme coin and gaining an active community of holders. ConstitutionDAO is categorized within the meme, PolitiFi, and Ethereum ecosystem segments, reflecting its origins in civic-themed crowdfunding and its continued life as a community-driven token.