Golf start-up putts $10.5 million in NFT sales

No sector of the economy or certainly life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the current sport to catch the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO.

In a sold-out NFT drop, LinksDAO raised $10.5 million to money its playing golf goals. More than 9,000 “leisure membership” and “global membership” NFTs were acquired on the OpenSea platform, exchanged for Ether (ETH).

It would appear that while 2021 was a flourishing year of decentralized self-governing company (DAO) activity, with some treasuries rising in worth by 40x, golf is likewise now driving crypto adoption.

However, instead of images of bored apes or raising funds for governmental projects, the LinksDAO NFTs add to the running of a DAO, which would “improve transparency around certain aspects of organizational governance of the club’s business.”

Consequently, the LinksDAO NFTs are not subscription cards to the golf clubs; they are the secrets to neighborhood gain access to, governance, and “a wide variety of perks.” The NFTs will ultimately open subscription to LinksDAO’s very first golf and leisure club.

As anticipated, the NFT sale is simply the recently formed start-up’s methods of teeing off. High on the top priority list of LinksDAO’s company strategy is to “identify a list of golf courses for acquisition” and establish a $LINKS cryptocurrency token. These strategies need to come together in mid-2022.

Related: DAOs are the structure of Web3, the developer economy and the future of work

The group is led by Mike Dudas, a familiar figure in crypto as creator and CEO ofThe Block A singing anti-Bitcoin (BTC) maximalist, he reached the # 83 area on Cointelegraph’s Top 100 most prominent individuals in crypto in 2020. His Twitter has actually handled the apt “Mike DAOdas” manage, and he is related to The Block, 6th Man Ventures a crypto VC, in addition to Paxos andVenmo

Despite basic market spirit for DAOs, some golf fans and NFT collectors were left scratching their heads concerning Dudas’ path to beginning a playing golf business by developing a DAO.

Dudas clarified in a Tweet that the LinksDAO NFT “does *not* give ownership of the asset, but it gives governance rights over the process of club design and the ability to purchase membership at the club once open.”



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