Crypto Group Raises $11M to Wade into Golf Industry

    • LinksDao aims to go beyond the world of crypto.
    • The organization raised $11 million worth of NFTs, which it will use to purchase an actual golf course, according to Golf.com.

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LinksDao aims to go beyond the world of crypto.

The decentralized autonomous organization’s founders are “creating a modern golf and leisure club” through the sale of NFTs and the eventual purchase of an actual golf course, according to LinksDao’s website.

The organization’s idea appears both popular and lucrative. In one day, LinksDao sold about 9,000 membership NFTs worth a total of about $11 million, per Golf.com.

  • The NFTs “allow for community access, governance, a wide variety of perks, and games in the near term,” and are “the key” to membership at the future golf course, the website says.
  • The company will reportedly use the funds to purchase the golf course.

To jump in now, potential buyers could look for one of the NFTs on the secondary market.

Finding a Home

It’s still unclear which golf course LinksDao will target — and how the group will work out several other logistics — but it appears many are interested in solving these issues.

The group currently has a Discord channel to choose a golf course that the company hopes to purchase and open by early 2023. The channel has more than 12,000 members, according to CoinDesk.

“There are obviously still a lot of uncertainties,” LinksDAO founder Mike Dudas told Golf.com. “But this is how startups work. People just usually aren’t privy to this much detail this early on.”