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- The Denver Broncos are for sale, and a group of crypto enthusiasts is trying to buy them using a decentralised autonomous organisation that has raised more than $4 billion.
- The Broncos’ $4 billion acquisition price is projected to be the most expensive in North American sports history.
- the Broncos have been one of the most successful teams in the NFL. They have eight AFC crowns and three Super Bowl victories to their credit.
The Denver Broncos: These Crypto Fans Are Trying To Buy The NFL Team For $4 Billion: The Denver Broncos are for sale, and a group of crypto enthusiasts is trying to buy them using a decentralised autonomous organisation that has raised more than $4 billion. Legal counsels, financial professionals, certified public accountants, software engineers, professional sports, and a mathematician are among the BuyTheBroncos DAO’s members. So, if all criteria are met and the decision-makers give their collective assent, anyone with the means can join in this type of DAO.
The Broncos are unquestionably expensive. But, as the current sages would say, there is power in every DAO.
The Denver Broncos Have A Hefty Price Tag
The Broncos were put on the market earlier this month, with the current owners, the Bowlen family, and trustees, stating in a statement that they plan to complete the transaction by September 8, the start of the 2022 NFL season. The Broncos’ $4 billion acquisition price is projected to be the most expensive in North American sports history, according to sports commentators. The endeavour is being led by Sean O’Brien, a ten-year veteran of Cisco Systems’ legal department. The DAO will go live within the next few days, according to O’Brien.
The Denver Broncos, according to Joe Ellis, President, are a unique institution woven into the fabric of our region, and whoever becomes the team’s new owner will definitely appreciate what the team symbolises to our amazing fans and our town. On the other side, O’Brien is more cheerful. It was a little crazy, but also a little badass, he said. He explained that the sale is primarily intended to build an infrastructure that will allow fans from all walks of life to become franchise owners. Colorado Governor Jared Polis, a well-known proponent of bitcoin, recently stated that if the DAO succeeds in its purpose, he would be ecstatic.
The problem right now, according to Polis, is that the acquisition will cost a lot of money.
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An All-Star Group
Despite the creation of smart contracts and crypto wallets, O’Brien stated that the DAO will not be operational until the first week of March. The Broncos has been the most successful NFL teams since 1975. They have eight AFC crowns and three Super Bowl victories to their credit. DAOs are a step forward in resource pooling. According to Auston Bunsen, co-founder of blockchain supplier QuikNode, they represent a new sort of organisation that is growing at breakneck speed. Cooper Turley, a venture capitalist who has backed numerous well-known DAOs, compared the decentralised structure to a internet community with a shared bank account.