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A group of cryptocurrency investors is raising money to buy a basketball team.
The Krause House DAO ― named after Jerry Krause, the late Chicago Bulls general manager — raised just over $800,000 within 15 minutes after launch last week. The figure is now in the millions.
However, the least valuable NBA franchise, the Memphis Grizzlies, is worth some $1.5 billion.
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Alair Springfield is first Missouri franchise for Canada-based company.