Abolition in Progress: How Crypto Is Making and Reclaiming American History
Do you know what a research DAO is?
I didn’t either until I read a Bloomberg article about how the research DAO, Abolition in Progress won a bid at Sotheby’s for a major part of American history in response to another group’s attempt to purchase a rare copy of the United States Constitution.
Ameer Suhayb Carter is a developer by trade and mastermind behind Abolition in Progress. I had a quick chat with Ameer and discovered there are a lot of interesting things going on in the crypto world that’s shaping the curation and procurement of historical artifacts. Most of America and the rest of the world are clueless. I know I’m guilty but, as Crystal Kim said in Bloomberg, things can be confusing in the “intersection of cryptocurrency and collectibles”, but I’ll attempt to break it down in layman’s terms.
Let’s start with the original question: What’s a research DAO? It’s a decentralized autonomous organization or crypto crowdfund where the funds are on a blockchain inside of an established crypto network like Bitcoin or Ethereum. A research DAO is focused on exploring new and innovative projects using cryptocurrency.
