A Scottish Golf Course May Soon Land in the Hands of LinksDAO
The price of the golf course is currently around $900,000, and the purchase will be funded through an NFT fundraise launched earlier this year
Mr.Somchai Sukkasem/Shutterstock.com modified by Blockworks
LinksDAO, a decentralized autonomous organization for golf enthusiasts, is voting to purchase its first golf course — a “promising property” called Spey Bay Golf Club.
According to its website, LinksDAO is “on a mission to own one of the world’s greatest golf courses.”
Described by golf course architect Robin Hiseman as a “charming course, but almost entirely overlooked by the golfing world,” the club is located on the Moray coastline in Scotland by the mouth of the River Spey.
The course’s price tag sits at roughly $900,000 and is set to be financed via an NFT fundraise the DAO launched Jan. 2, the same day the DAO sold 9,090 NFT-based memberships and raised around $10.4 million in 24 hours.
Though the Scotland-based golf course would mark the DAO’s first purchase if the vote passes, LinksDAO plans to maintain a US focus on the whole.
“Our 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,” Cooper Sherwin, the head of community at LinksDAO, said in the proposal.
A number of the DAO’s community members have gotten behind the idea. One member, who goes by the pseudonym Postingthistime, wrote that “if we pass up this opportunity we may not get another like it.”
“I have no doubt a great global golf network should have a Scottish course since it is the birth place of golf,” Postingthistime said.
Over 88% of members have currently voted in favor of the proposal, with a little under 9% dissenting. The final date to vote is Wednesday, Feb. 21.
If the effort succeeds, the DAO must enter a negotiation period expected to last between one to two months. A final deal is estimated to be reached between March to May.
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