Buying a golf course

The average course costs $3.1 million, according to Links magazine, which puts it easily in the striking distance of crypto budgets, even in a bear market.

We’re rethinking the concept of what a golf community can be

Enter LinksDAO, a group of 5,300 golf enthusiasts who are trying to buy a golf course. “We’re rethinking the concept of what a golf community can be,” said Jim Daily, the DAO’s founder (along with Mike Dudas), who views the DAO as a way to make the exclusive world of golf “more fun and inclusive and egalitarian.”

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LinksDAO has $9 million in the treasury, according to Daily, which was raised through a non-fungible token (NFT) drop that sold out in less than 48 hours. So unlike the more quixotic quest of buying an NFL team, a DAO-infused golf course feels likely to happen. (Daily clarifies that they will not use the DAO’s treasury to purchase the course, but instead do an “equity raise with more traditional capital,” and that in a technical sense, the DAO members will not actually own the course.)

Daily, who now spends much of his time “humping around the country looking at golf courses,” said the DAO is an easy way for golfers to nerd out over golf. It’s a way to find your tribe. (A tribe that might now include … Bill Murray?) “If you’re a golfer, you play the game for life,” Daily said, “and there are so many different areas where you can really lean in with other people.”

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