LinksDAO is preparing to roll out a community token on the Base network.

LinksDAO Shifts Focus to Community Token Amid NFT Decline

LinksDAO, the crypto-backed golf club that once gained attention for its membership NFTs, is taking the next step in its evolution by launching its own community token. The decision comes as the NFT market, which drove its initial success, continues to lose momentum, shifting focus to new opportunities within the crypto space.

Originally launched with the goal of buying a golf course, LinksDAO raised $10 million in 2022 by selling 10,000 membership NFTs. However, the NFT boom has since faded, with CryptoSlam’s NFT Index plummeting by nearly 97% since its peak. As the market changes, LinksDAO is pivoting towards a more sustainable asset: a community token.

In a recent community call, LinksDAO founder Mike Dudas discussed the upcoming LINKS token, which is set to launch on the Base blockchain. The token will serve as a bridge between the growing Web3 ecosystem and the world of golf. “This token is not just a speculative investment; it’s about strengthening our community and supporting the culture of golf,” Dudas said.

A third of the LINKS token’s total supply will be distributed to LinksDAO NFT holders, while smaller portions will be allocated to other NFT communities like Pudgy Penguins and Bored Ape Yacht Club. The goal is to expand LinksDAO’s reach and integrate the token into various aspects of the crypto and golf worlds.

While the LINKS token will be a primary focus for the organization moving forward, LinksDAO has continued to make strides in the golf industry. In 2023, the group successfully acquired a golf course in Scotland and is now in the process of acquiring a minority stake in Hillcrest Golf Course in Kansas City. The course is currently being renovated, with a $30 million investment spearheaded by owner Robb Heineman.

If approved by the LinksDAO community, the Hillcrest deal will give the organization a seat at the table in shaping the future of the course. The deal marks a significant milestone for LinksDAO as it continues to blend the worlds of cryptocurrency and golf.

With the integration of the LINKS token, LinksDAO is transitioning from its early days as an NFT-focused entity to a broader crypto-driven community with a strong focus on the future of golf. As it evolves, the group aims to offer exclusive access to golf-related experiences for those within its growing network of crypto and golf enthusiasts.