Members of LinksDAO, a decentralized autonomous organization made up of golf enthusiasts, have voted to purchase a Scottish golf course following an NFT-based fundraising event launched last year. If the purchase goes through, it will mark the first acquisition by the decentralized community that launched at the start of last year.
LinksDAO aims to “own one of the world’s greatest golf courses,” with its main focus being the US. However, when Spey Bay Golf Club was put up for sale, members of the DAO realized they had to act fast if they were to secure their first course. After all, even though it is not located in their preferred destination, they see it as a “promising property.”
The course is priced at $900,000. It’s an amount that shouldn’t bother LinksDAO after raising $10.4 million by selling 9,090 NFT-based memberships tokens when it launched.
Spey Bay is located on the Moray coastline in Scotland and has been described as a “charming course.” However, as Robin Hiseman, a golf course architect notes, “the course has been overlooked by the golfing world.”
According to Cooper Sherwin, LinksDAO’s head of community, the DAO’s “search efforts over the past year have focused, and continue to focus, almost exclusively on courses in the US, but this listing was too special to ignore, and the timing of the sale requires us to act now should we decide to participate in the process.”
The vote is now closed – our largest token turnout EVER.
The ayes have it, with 88.6% of the vote.
We’re going to bid on a golf course. pic.twitter.com/wtYJYgPYmv
— Links (@LinksDAO) February 22, 2023
LinksDAO Members See This As A Great Opportunity
Over 88% of members voted in favor of the acquisition, with fewer than 9% against it. One member approving of the purchase, Postingthistime, noted in a community chat, “If we pass up this opportunity, we may not get another like it.” Before adding, “I have no doubt a great global golf network should have a Scottish course since it is the birthplace of golf.”
That said, voting on the matter ended on February 22, then negotiations negotiations began, which are expected to take up to two months before the deal is sealed.
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Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the globe.
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