No sector of the economy or indeed life is safe from nonfungible tokens () or . Golf is the latest sport to succumb to 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 fund its golfing aspirations. More than 9,000 “leisure membership” and “global membership” NFTs were purchased on theplatform, exchanged for Ether ( ).
It would seem that while 2021 was a thriving year of decentralized autonomous organization (DAO) activity, with, golf is also now driving crypto adoption.
However, as opposed to pictures of bored apes ors, the LinksDAO NFTs contribute 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 membership cards to the golf clubs; they are the keys to community access, governance, and “a wide variety of perks.” The NFTs will eventually unlock membership to LinksDAO’s first golf and leisure club.
As expected, the NFT sale is merely the newly formed startup’s means of teeing off. High on the priority list of LinksDAO’s businessis to “identify a list of golf courses for acquisition” and develop a $LINKS cryptocurrency token. These should come together in mid-2022.
The group is led by Mike Dudas, a familiar figure in crypto as founder and CEO of The Block. A vocal anti-Bitcoin () maximalist, he reached the most influential people in crypto in 2020. His Twitter has taken on the apt “Mike ” handle, and he is associated with The Block, 6th Man Ventures a crypto VC, as well as Paxos and Venmo.
, some golf fans and NFT collectors were left scratching their heads regarding Dudas’ route to starting a golfing company by creating a DAO.
Dudas clarified in athat 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.”