LinksDAO, an innovative decentralized autonomous organization, has successfully won a bid to purchase a Scottish golf course. The news was announced by the CEO of LinksDAO, who expressed their excitement about the acquisition. The move is a significant milestone for the organization, which is dedicated to using blockchain technology to democratize access to assets and enable community ownership. The purchase of the Scottish golf course marks the latest achievement for LinksDAO, which has recently gained recognition for its innovative approach to decentralized ownership models. With this acquisition, LinksDAO is set to further expand its reach and impact in the field of blockchain-based asset ownership.
LinksDAO, a Web3 community, has announced that it has secured the winning bid to purchase Spey Bay Golf Club in Scotland. Spey Bay Golf Club is an oceanside 18-hole golf course that was listed with an expectation of receiving bids over £750,000. While the deal terms have not been disclosed, reports suggest that the deal may close higher than the list price. The deal is expected to be finalized in the coming weeks.
Launched in 2021, LinksDAO is a decentralized autonomous organization (DAO), which is an online group of golf fans and enthusiasts with membership signified via an NFT pass. The DAO’s Discord server lists over 26,000 members, with 5,000 Ethereum NFT access pass holders. LinksDAO co-founder and CEO Jim Daily sees NFTs as the key to gaining access to the club, and said that the combination of NFTs and golf is an ideal pairing.
LinksDAO raised approximately $10.5 million worth of ETH (at the time) by selling NFTs in December 2021, but has also raised outside funding. While the deal is not yet complete, the LinksDAO core team is already at work trying to figure out what to do with the Scottish locale.
Daily acknowledged the limitations of a DAO making real-world purchases, and said that the formalized business is focused on delivering the desires of the community. The incorporated company will also be the title holder of any property that LinksDAO acquires.
Looking for additional opportunities, LinksDAO has also looked at more than 90 golf courses over the last year, and remains in conversation with over 20 courses in the United States. Daily said that LinksDAO aims to foster a vibrant community of golf lovers and change what it means to be part of a golf club. Wallets holding LinksDAO NFT passes have been linked to famous personalities like Steph Curry and Bill Murray’s NFT project.
In conclusion, LinksDAO’s acquisition of Spey Bay Golf Club in Scotland marks a significant step for the Web3 community. With its emphasis on NFTs and a decentralized autonomous organization, LinksDAO aims to change what it means to be part of a golf club, fostering a vibrant community of golf lovers.