LinksDAO Members Vote To Buy Spey Bay Golf Club In Scotland Using NFT Fundraising

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88% of LinksDAO members voted in favor of acquiring Scotland’s Spey Bay Golf Club.

Decentralized autonomous organization LinksDAO, with members from across the golf community, has made history by bidding on its first golf course using NFT revenue from an NFT-based fundraising event. The Spey Bay Golf Club is located on the Moray coastline of Scotland. It was recently put up for sale. Members of the DAO had to act fast if they wanted to secure the course. Spey Bay is priced at $900,000 and has been described as “charming.”

LinksDAO NFT Revenue enabled the purchase of the pictured golf course, which sits against the water and has wide, sloping, green fields. There is a yellow flag flapping in the breeze.
Spey Bey Golf Club is being purchased by LinksDAO. Credit: Scotland Where Golf Began.

88% of LinksDAO Members voted Aye

88% of the LinksDAO members voted in favor of acquiring of the Scottish golf course. Just 9% voted against. Many LinksDAO members see this as an opportunity to own part of the heritage of golf, as the sport originated in Scotland. The DAO itself aims to “own one of the world’s greatest golf courses,” with a primary focus on the US market. However, Spey Bey was simply too good to pass up. Therefore, members acted fast and are currently in negotiations.

A cartoon golfer hits a golf ball with the LinksDAO logo on it.
The sale of NFTs enabled the purchasing of the golf course. Credit: NFT Plazas.

LinksDAO sold 9.090 NFTs

The seed investment round is what allowed LinksDAO to bid on Spey Bey. Additionally, the DAO raised $10.4M via the sale of 9,090 NFTs which give members access to the organization, including voting rights. The success of this endeavor is significant, as it marks a historic moment for Web3. When investors ask about utility, perhaps many will start to reply with “DAO.”

A group of people play gold on the course at Spey Bey Golf Club.
The acquisition is a significant indicator of resilience. Credit: Station Hotel Portsoy.

LinksDAO plans to acquire several golf courses in the US

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 bidding on 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. This is just the cherry on top.

Main image: Pixabay

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