A DAO that wants to own the Dune Bible has to buy it back from its founder after he pitched in $3 million of his own money to win the auction



"Dune" has Zendaya in it.

The Warner Bros.

Soban Saqib didn't want to lose the bid for the item.

He pitched in about $3 million to win the "Dune Bible" at an auction after his collective came up short in its bid.

Saqib, who goes by "Soby" online, became the item's owner, but then faced the dilemma of how to make it the property of the DAO.
The plans for the "greatest movie that was never made" were based on the Frank Herbert novel "Dune."

The project was "doomed" after the novel came out in the US, according to Christie's. The Dune Bible is the name of the plans.

The Dune Bible was the focus of Spice DAO but it only raised about $750,000 at the time of the auction. It was sold to Soby for 2.6 million euros.

He told Decrypt that he did it because no one wanted to raise all this money and not win. ConstitutionDAO, a group that brought the concept of decentralized organizations to the mainstream, raised more than 40 million dollars to bid on a copy of the US Constitution but lost.
Spice DAO wrote on the social networking site that Soby secured the Jodorowsky's Dune Bible with his personal fund. We are continuing the crowd raise to formally acquire the Bible from Soby.

The equivalent of $12 million is what the Juicebox wallet says it has. The Dune Bible and an animated film or series will be funded by that money, the DAO said.

The DAO and Soby did not reply to Insider's messages.

"We hope that with the help of the community, we can take a dream and make it our own," Soby wrote. If you're a spiritual warrior, we'd like to hear from you.

Business Insider has an original article.