Crypto Enthusiasts Raising $4 Billion To Buy Denver Broncos

NFL Team Denver Broncos is on the market and a group of crypto aficionados intends to collect $4 billion via a decentralized autonomous organization (DAO) to buy the team. DAO is an organization represented by rules encoded in a computer program that is transparent, self-governing, and does not need a central authority. The financial transactions and software rules of a DAO are stored on a blockchain. According to ESPN, the pro football franchise is valued a little under $4 billion and is projected to fetch the highest price in North American sports history. The DAO intending to buy the Denver Broncos is led by Sean O'Brien, who is a lawyer by profession and a die-hard Broncos fan.