A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos

A decentralized autonomous enactment (DAO) wants to acquisition the National Football League (NFL) squad the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to get the NFL squad arsenic a assemblage and “put ownership successful the hands of the fans.”

A Newly Formed DAO Wants to Buy the Denver Broncos Franchise

A recently formed DAO called “Buy the Broncos DAO” (BBD) is pursuing successful the footsteps of assorted DAOs created successful the past year. Last year, determination was 1 DAO that tried to acquisition a uncommon transcript of the U.S. constitution, but the Constitutiondao didn’t triumph the auction. In October, an NFT creation corporate DAO acquired Wu-Tang Clan’s mysterious unreleased album, and different DAO revealed this twelvemonth the attempt to purchase the infamous One Bel Air 105,000-square-foot megamansion.

Screenshot of the web portal buythebroncos.com.

On Saturday, the BBD task explained to CNBC newsman MacKenzie Sigalos that the DAO hopes to get the Denver Broncos shot franchise. CNBC’s Sigalos spoke with Sean O’Brien, who is 1 of the organizers down the BBD effort. “We cognize it sounds a spot crazy, but it’s besides a spot badass,” O’Brien remarked to the reporter. “The intent fundamentally is to found an infrastructure truthful that fans from each walks of beingness tin beryllium owners of the Denver Broncos.”

BBD is attempting to rise $4 cardinal successful bid to execute the ngo of purchasing the NFL team. The radical has a Twitter relationship dubbed @buythebroncos and astatine the clip of writing, the societal media relationship has a interaction implicit 800 followers. BBD besides has a website that explains its intent and it details that anyone tin enactment successful the DAO.

The DAO’s website highlights that if the DAO fails its mission, investors volition beryllium capable to get their funds back. “If we are not capable to bargain each oregon portion of the Broncos, you volition person options to beryllium reimbursed,” the BBD web portal’s FAQ discloses.

Colorado Governor Jared Polis Says He’d Be Excited to Help the DAO’s Effort

Interestingly, MacKenzie Sigalos’ study besides mentions that astatine the ETH Denver conference, Colorado politician Jared Polis explained to attendees that helium liked the idea. “I would beryllium excited to beryllium portion of it myself,” Polis said astatine the ETH Denver event. “The situation volition beryllium it’ll instrumentality a batch of money… but you cognize what, if your imaginativeness is large enough, past it tin happen. And thing I tin bash to marque it happen, I’d beryllium blessed to,” the Colorado politician added.

While BBD is attempting to rise $4 cardinal to acquisition the Denver Broncos, a report from ESPN notes that the “price volition apt acceptable [a] grounds for immoderate North American sports franchise.”

What bash you deliberation astir the DAO that’s attempting to acquisition the Denver Broncos? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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