Golf startup LinksDAO raises $10.5M in NFT sales

January 05, 2022

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Many sports, including chess and football, have been entering into the world of NFT and metaverse. With the efforts of LinksDAO, golf has become the latest sport to surrender to the attraction of NFTs. LinksDAO raised $10.5 million in a sold-out NFT drop to fund its golfing ambitions. On the OpenSea platform, over 9,000 “leisure membership” and “global membership” NFTs were bought and traded for Ether (ETH).

While 2021 was a great year for decentralized autonomous organizations (DAO), with some treasuries increasing in value by 40 times, it appears that golf is now boosting crypto adoption.

The uniqueness of LinksDAO NFTs

The LinksDAO NFTs contribute to the operation of a DAO, which “improves transparency around certain aspects of organizational governance of the club’s business,” in contrast to bored apes images or raising funds for presidential elections.

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As a result, LinksDAO NFTs aren’t golf club membership cards; they’re keys to community access, governance, and a wide array of benefits. The NFTs will eventually grant access to the first golf and leisure club in LinksDAO.

The NFT sale is, as expected, just a way for the newly created business to get its feet wet. The “identifying of a list of golf courses for acquisition” and the development of a $LINKS crypto token are high on LinksDAO’s priority list. These plans should be completed by the middle of 2022.

Despite the overall excitement for DAOs, some golf enthusiasts and NFT collectors were puzzled by the company’s decision to launch a golfing enterprise through the creation of a DAO.

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In a Tweet, Mike Dudas, the head of the group, emphasized that the LinksDAO NFT “doesn’t give ownership of the asset, but it gives governance rights over the process of club design and the ability to purchase a membership at the club once open.”