LinksDAO, a decentralized autonomous organization with members from across the golf community has made history by purchasing its first golf course through an NFT-based fundraising event. The Spey Bay Golf Club, located on the Moray coastline in Scotland, was recently put up for sale. Members of the DAO needed to act fast to secure the course, which is priced at $900,000. It has been described as “charming.”
How Did The Decentralized Vote Go?
88% of the LinksDAO members voted in favor of the acquisition of the golf course, with just 9% against. Many see this as an opportunity to own part of the heritage of golf, as the sport originated in Scotland. Furthermore, the DAO itself aims to “own one of the world’s greatest gold courses,” with a focus on the US market. However, Spey Bey was simply too good to pass up. Therefore, members acted fast and are in negotiations.
How Did LinksDAO NFT Revenue Play A Role?
The sale of NFTs is what empowered LinksDAO to secure Spey Bey. The DAO raised $10.4M via the sale of 9,090 NFTs which give members access to the organization, including voting rights. Additionally, the success of this endeavor is significant, as it marks a historic moment for Web3. When investors ask about utility, perhaps we will start to reply with “DAO.”
What Does Spey Bey Say About Web3?
Spey Bey is an indicator of Web3’s resilience. In fact, it was not long ago that many feared the end of the industry entirely. Not today, as LinksDAO is acquiring its first course and has plans to acquire several more in the United States. The best part? The acquisition of Spey Bey won’t even impact the DAO’s other deals. It’s just the cherry on top.
This is one to watch.
