{"id":389869,"date":"2022-01-05T14:52:36","date_gmt":"2022-01-05T11:52:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/golf-startup-putts-10-5-million-in-nft-sales\/"},"modified":"2022-01-05T14:52:36","modified_gmt":"2022-01-05T11:52:36","slug":"golf-startup-putts-10-5-million-in-nft-sales","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/golf-startup-putts-10-5-million-in-nft-sales\/","title":{"rendered":"# Golf startup putts $10.5 million in NFT sales"},"content":{"rendered":"

“# Golf startup putts $10.5 million in NFT sales <\/strong>”
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No sector of the economy or indeed life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO.\u00a0<\/p>\n

In a sold-out NFT drop, LinksDAO raised $10.5 million to fund its golfing aspirations. More than 9,000 \u201cleisure membership\u201d and \u201cglobal membership\u201d NFTs were purchased on the OpenSea<\/a> platform, exchanged for Ether (ETH). <\/p>\n

It would seem that while 2021 was a thriving year of decentralized autonomous organization (DAO) activity, with some treasuries surging in value by 40x, golf is also now driving crypto adoption. <\/p>\n

However, as opposed to pictures of bored apes or raising funds for presidential campaigns, the LinksDAO NFTs contribute to the running of a DAO, which would \u201cimprove transparency around certain aspects of organizational governance of the club\u2019s business.\u201d <\/p>\n

Consequently, the LinksDAO NFTs are not membership cards to the golf clubs; they are the keys to community access, governance, and \u201ca wide variety of perks.\u201d The NFTs will eventually unlock membership to LinksDAO’s first golf and leisure club.<\/p>\n

As expected, the NFT sale is merely the newly formed startup\u2019s means of teeing off. High on the priority list of LinksDAO\u2019s business plan<\/a>\u00a0is to \u201cidentify a list of golf courses for acquisition\u201d and develop a $LINKS cryptocurrency token. These plans<\/a> should come together in mid-2022.<\/p>\n

Related: <\/em><\/strong>DAOs are the foundation of Web3, the creator economy and the future of work<\/em><\/strong><\/p>\n

The group is led by Mike Dudas, a familiar figure in crypto as founder and CEO of The Block. A vocal anti-Bitcoin (BTC) maximalist, he reached the #83 spot on Cointelegraph\u2019s Top 100 most influential people in crypto in 2020. His Twitter<\/a> has taken on the apt \u201cMike DAOdas<\/a>\u201d handle, and he is associated with The Block, 6th Man Ventures a crypto VC, as well as Paxos and Venmo. <\/p>\n

Despite general<\/a> market exuberance for DAOs, some golf fans and NFT collectors were left scratching their heads regarding Dudas\u2019 route to starting a golfing company by creating a DAO. <\/p>\n

Dudas clarified in a Tweet<\/a> that the LinksDAO NFT \u201cdoes *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.\u201d<\/p>\n