FlamingoDAO is a collection of crypto-rich investors who pool funds to bid on NFTs works. The group, a so-called decentralized autonomous organization, has already amassed a sizable collection in less than a year since its launch. One example acquisition: a rare alien CryptoPunk, which the group bought for more than $750,000 worth of Ether in January. The fund’s originators include Aaron Wright, a professor at Cardozo Law School and cofounder of OpenLaw, a blockchain protocol for legal agreements, and Priyanka Desai, who leads OpenLaw’s operations.
Favorite NFT collectible: Cryptopunk Alien #2890