Former Cisco Employee Launches DAO to Buy Denver Broncos
TokenInsight news, a new decentralized autonomous organization (DAO) has been formed to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for around $4 billion. According to former Cisco employee Sean O’Brien, BuyTheBroncos DAO aims to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos, and give fans a chance to own a piece of the team no matter their level of wealth.
If it succeeds, it would join the Green Bay Packers among NFL teams owned by the fans. In addition, members of the DAO who contribute ETH to purchase the team will be issued an NFT.