BuyTheBroncos DAO aims to make the biggest NFL team purchase ever

BuyTheBroncos, a new decentralized autonomous organization (DAO) sparked by former Cisco employee Sean O’Brien, among others, is currently aiming to raise roughly $4 billion in crypto to buy the professional American football team Denver Broncos—and essentially put the ownership in the hands of its fans.
The organization’s Twitter account proclaimed:
“Goal: Fans buy the Denver Broncos. Method: Get crypto junkies, sports fans, and athletes to work as one via a DAO,” 

Fan. Owned. Denver. Broncos.
Many thanks to the amazing @KenzieSigalos for the article on @CNBC.
And thank you @GovofCO for the support! CO’s ULCAA is the secret weapon to making this happen. https://t.co/IYvY7rJcRk#buythebroncos #denverbroncos #broncoscountry
— BuyTheBroncos (@BuyTheBroncos) February 19, 2022

Unlike traditional organizations, DAOs are governed entirely by their communities, so every single member is subject to the same rules. As such, if BuyTheBroncos is successful in purchasing th

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