A group of cryptocurrency enthusiasts is aiming to raise $4 billion to buy NFL team the Denver Broncos through a Decentralized Autonomous Organization (DAO), or a group of individuals who act without a leader and rely on crypto technologies to track and validate its inner workings. DAOs use smart contracts and are built on blockchain technology, functioning as an online cooperative. “If we are successful in purchasing the Broncos, the fans would govern the team through a DAO, which would take the legal form of a cooperative,” the group seeking to buy the NFL team said on their website. “Your membership in the cooperative makes you an owner of the Broncos and, thus, able to participate in the governance. The DAO is regulated by smart contracts which ensure every single member is subject to the same rules.” The crypto group includes people from a wide range of occupations like athletes, …