DAO to buy the Denver Broncos
Members of a new DAO have initiated a fundraiser to buy the Denver Broncos, a National Football League team in the United States. They expect to buy it for $4 billion.
BuyTheBroncos DAO aims to give fans a chance to be a part of the team regardless of their level of wealth.
"Essentially, the goal is to create an infrastructure for fans from all walks of life to be able to own the Denver Broncos."
If successful, the Broncos would join the Green Bay Packers among the NFL's fan-owned teams. Fans wishing to purchase a stake in the Broncos through the DAO can contribute as much as they want, as opposed to $300 per share for the Packers.
DAO members who contribute Ethereum (ETH) to buy a team will receive an NFT, which, according to BuyTheBroncos.com, "will serve as your 'membership card,' which will give you access to the co-op."
