And the golf course goes to decentralized country club Links

Quick Take

  • LinksDAO confirmed it won the bid to purchase the Spey Bay Golf Club on the Moray coastline of north-east Scotland.
  • The organization has raised millions of dollars through the sale of NFTs which double as membership cards. 
LinksDAO, the global community of golf enthusiasts which says it's reimagining the "country club," today confirmed it won the bid to purchase the Spey Bay Golf Club in Scotland.
LinksDAO members could now be heading down the fairway on the stunning country's stunning Moray coastline, securing the listing it described as “too special to ignore” at a guide price of around $900,000. The course first opened in 1907.
“We won the bid. We’re buying a golf course!!!,” LinksDAO said on Twitter. The final purchase price is not known. In its first attempt at acquiring a golf course, LinksDAO pulled off the hole-in-one after participants overwhelmingly backed a proposal put to the community in February.
After selling more than 9,000 NFTs in just over 24 hours at the beginning of the year, the LinksDAO raised around $11 million worth of ether. Although search efforts initially focused on U.S. courses, LinksDAO has been on a mission to buy a golf course somewhere in the world.
The purchase serves as one of the most substantial examples of a DAO selling NFTs with real-world utility that community members can then use to participate in the purchase and managing of a valuable physical asset.

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Digital membership cards

Membership NFTs have sold for as high as roughly $9,600, according to CryptoSlam! data. Additionally, sales volumes for the LinksDAO NFTs rose nearly 100% during the last week while overall the digital membership cards have generated more than $29 million in trading since their issuing, also according to the site's data.
"LinksDAO is creating the modern golf & leisure club," the company has said. "A global community of thousands of enthusiasts has come together to create one of the world's greatest golf clubs — and reimagine the country club."
Links has more than 5,400 members, according to Golf Digest. Jim Daily, Adam Besvinick and 6th Man Ventures’ Mike Dudas founded LinksDAO in 2021.
Disclaimer: Mike Dudas, co-founder of LinksDAO, is the co-founder and former CEO of The Block. He no longer has a financial interest in the company.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

James Hunt is a reporter at The Block, based in the UK. As the writer behind The Daily newsletter, James also keeps you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the immersive metaverse. You can get in touch with James on Twitter or Telegram via @humanjets or email him at [email protected].
RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.


To contact the editors of this story:
Christiana Loureiro at
[email protected]
Larry DiTore at
[email protected]