In a time when projects are faltering and the NFT and web3 space has a new attention-grabbing headline every six hours, a particular update came across the news feed. This update came from a project called LinksDAO, which is a golf-centered project that leads that arena of the space in terms of volume and membership.
Since the inception of LinksDAO, the project’s main goal has been to purchase a golf course. Understanding that it isn’t an easy undertaking to accomplish, the project has added various membership tiers, real-life golf partnerships, contests, promotions, and other events over the course of the past fifteen months since launch. This and more information can be found on their website.
The Not-So-Breaking News
On March 16th, 2023, LinksDAO hosted a Twitter Spaces at noon EST. In this promotion of this discussion, they teased an update regarding the status of their bid to buy a golf course.
LinksDAO first pitched the idea of bidding on Spey Bay Links in mid-February and opened voting on the proposal from February 20th to February 22nd. At that time, 88.6% of the holders of voting NFTs in the DAO voted in favor of bidding on Spey Bay. Prior to the announcement on the 16th, it had been shared that the bid from LinksDAO had been moved into secondary stages of consideration and proceeded through the initial vetting process.
In Twitter Spaces on March 16th, the project announced that their bid for Spey Bay had been moved to exclusive status, meaning that the bid was accepted and they now had exclusive rights to the property as negotiations moved into closing. Team members from LinksDAO have since headed to Scotland to complete the process of purchasing the property, which should be the first in the LinksDAO portfolio that hopes to expand to double-digit courses by the year 2030. More information can be found at https://linksdao.io/.
What Does This Mean?
In a time where crypto, NFTs, DeFi, Web3, the Metaverse, and anything even remotely touching any of these areas are struggling due to macroeconomic conditions and industry concerns, the announcement from LinksDAO comes as a bright spot in the echo chamber of doubt and distress that is the greater Web3 space these days.
Golf is by no means a mainstream function of Web3. Very few golf-focused projects existed in the boom of 2021. Even fewer have made it through 2022 and the major market downturn, with many being grassroots efforts from founders who have a passion for the game but lacked adequate financing, planning, or resourcefulness to endure such a turbulent market downturn.
LinksDAO has endured. Learning how to go about fundraising and undergoing the process to bid on and purchase a golf course is no easy task. The team’s business experience and prowess clearly shine through. Many projects have lofty goals and many fall short.
By providing a use case as to how Web3 technology, community, and experience can be applied to the niche of golf, LinksDAO provides a use case example as to how the space can be adapted to other areas of industry and business that may not seem like immediate candidates for adaptation into Web3.
The event was significant enough that it was even covered in the mainstream golf press by Golf Digest. This type of coverage for the golf Web3 space can only help the niche and golf-focused projects grow new intrigue outside of existing Web3 users who also happen to enjoy golf. Appealing to the use case industry instead of a dwindling pool of existing, onboarded Web3 users seems to be the best way for projects in Web3 to continue to grow and adapt to a larger audience during this market downturn.
While LinksDAO works on completing the closing of their purchase of the course, they are also focused on their next golf course, which they hope will be located within the United States. There is always more work to be done and interested parties, both old and new, can keep up with LinksDAO on their Twitter. They also maintain a discord channel, which can be joined from the LInksDAO website.
It will be interesting to see both how LinksDAO utilizes this new asset in their project portfolio, as well as how this level of publicity in the golf space helps grow LinksDAO and other golf-focused projects going forward. The potential shockwaves from a milestone of this magnitude are enormous. Branching out to the general public through new means of publicity will only help the space to grow, especially during the current struggle across all of crypto, NFTs, and Web3 as a whole. By getting back to basics and working for tomorrow despite all the noise, there will be more projects posting wins like this LinksDAO announcement. A big congratulations to the team at LinksDAO and nothing but best wishes as they work towards their next major milestone!