Par of the course: Playing golf LinksDAO can lead to the adoption of DAO in the country club.
No sector of the economy or life is safe from non-fungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the pull of NFTs and a round of decentralization thanks to the efforts of LinksDAO.
In a sold-out NFT collapse, LinksDAO raised $ 10.5 million to fund its golf aspirations. Over 9,000 “leisure membership” and “global membership” NFTs have been purchased on the OpenSea platform, exchanged for Ether (ETH).
It seems that while 2021 has been a prosperous year for Decentralized Autonomous Organizations (DAO) activities, with some treasuries growing 40 times in value, golf is also driving the adoption of crypto.
However, unlike photos of boring monkeys or fundraising for presidential campaigns, LinksDAO NFTs contribute to the operation of a DAO, which would “improve transparency around certain aspects of the organizational governance of the businesses of the club”.
Consequently, LinksDAO NFTs are not golf club membership cards; they are the key to community access, governance and ‘a wide range of benefits’. NFTs will eventually unlock membership in LinksDAO’s first golf and leisure club.
As expected, the sale of NFT is just the start-up for the newly formed startup. Top of the LinksDAO business plan priority list is “Identify a list of golf courses for acquisition” and develop a $ LINKS cryptocurrency token. These plans are expected to be drawn up in mid-2022.
The group is led by Mike Dudas, a familiar figure in crypto as the founder and CEO of The Block. A vocal anti-Bitcoin (BTC) maximalist, he peaked at No. 83 on Cointelegraph’s Top 100 Most Influential People in Crypto in 2020. His Twitter nickname took the nickname “Mike DAOdas,” and is associated with The Block, 6th. Man Ventures to VC crypto, as well as Paxos and Venmo.
Despite the general exuberance of the DAO market, some golf fans and NFT collectors were left scratching their heads over the Doubts route to start a golf business by creating a DAO.
Doubts clarified in a tweet that the LinksDAO NFT “* does not * grant ownership of the asset, but does grant governance rights over the club’s design process and the ability to acquire membership in the club once open.”