Golf Has Its First DAO With Hopes Of A Crowdsourced, Crypto-Funded Club
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It’s a little more complicated than George Crump and friends building a course in the pine barrens and you are more than free to admit this makes no sense, but Josh Sens has the lowdown on golf’s first significant decentralized autonomous organization.
LinksDAO sold more than 9,000 NFTs in and initial offering for $11 million in Ethereum. The “grand experiment” is the vision of Mike Dudas, a Stanford start-up entrepreneur hoping to buy a course and create a community of members. Initial buyers of the NFT’s merely bought the right to buy into the next purchase.
Nor will the money raised by the NFT sales be put toward buying a course. It will be used instead to fund other DAO operations, including course scouting, acquisition planning, marketing, legal compliance, community development and more.
Dudas concedes that there is a still a way to go.
But LinksDAO, he notes, has already progressed quickly.
Dudas started pondering the details of the plan only about three weeks ago, shortly after posting the idea on Twitter. He was inspired, in part, by another crypto-real world convergence called Flyfish Club, a private dining club concept in New York that has been selling memberships through NFTs. But Dudas says his thinking around LinksDAO also arose from his aversion to the stodginess and strictures of traditional country clubs: the exclusive memberships, the uptight customs.
“As a kid, it was my least favorite part of golf,” he says.
Much of the momentum behind LinksDAO, he believes, is fueled by people who feel the same.
This is what happens when you ban hoodies. The kids start looking for ways to buy you out!
