[chrisco255]

Okay, laugh at that all you want. I see a community of people that raised $41M in a permissionless, open source way. Ethereum gas fees have been higher than ever recently, which does make micro-payments impractical on layer 1, but the ETH community is currently migrating to layer 2s, such as Polygon, Arbitrum, Optimism, zkSync, and StarkNet, which will make micro-payments feasible again. This is an early, early attempt at collective bidding. The next iteration on something similar will get better and better.

The PEOPLE token also shot up 2000% over the past few days, so anyone that held their tokens has more than made up for gas costs as the remaining community members will likely spin up a new DAO for a different purpose.

Other similar DAOs, like Pleasr, have been successful at bidding for works of art, such as the unreleased Wu-Tang Album (https://duckduckgo.com/?q=pleasrdao+wutang&t=brave&ia=web) and the Edward Snowden Stay Free NFT (https://www.theverge.com/2021/4/16/22388548/edward-snowden-n...).

Stay tuned, my friend. You might miss the whole revolution if you blink.