Will Crypto Holders Acquire the Denver Broncos? As any fan who can’t make it will dream about being an owner. Sports fans everywhere share the dream of being an owner. But without billions or a Derek Jeter-esque name to attach to an ownership group I am relegated to fantasy sports.
Until now! According to MacKenzie Sigalos for CNBC the Denver Broncos Football Club is up for sale and a decentralized autonomous organization (#dao) has formed in an attempt to raise the $4 billion necessary to buy and run the team.
A DAO is a decentralized organization – think of it has a corporation governed by disparate members – with decisions made by smart contracts. Members pool money to execute on a goal – purchasing the US Constitution or the Broncos for example.
“We know it sounds a bit crazy, but it’s also a bit badass,” said Sean O’Brien who is spearheading the effort according to CNBC. “The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos.”
“… the crypto collective has a secret weapon in Colorado Gov. Jared Polis who recently announced plans to accept #cryptocurrencies for state tax payments by this summer.
Moreover, on Friday, the pro-crypto lawmaker told CNBC on the sidelines of ETHDenver. A major conference dedicated to dissecting the present use cases and future of ethereum. That he would be “thrilled” if their effort comes to fruition.”
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