LinksDAO, the crypto-golf fusion project, has announced plans to launch its community token LINKS on the Base blockchain. This move marks a significant shift from their NFT-focused approach to a broader token-based community strategy.
From NFTs to Community Tokens
LinksDAO initially raised $10 million through NFT sales in 2022. The project has already acquired a golf club in Scotland. They now plan to expand with partial ownership of Hillcrest Golf Course in Kansas City.
The new LINKS token will serve as a community enhancer. One-third of the supply will go to existing NFT holders. The project will also allocate tokens to members of other NFT communities like Pudgy Penguins and Bored Ape Yacht Club.
Market Strategy and Implementation
This token launch comes at an interesting time. The NFT market has seen a 97% decline since January 2022. LinksDAO’s pivot to tokens reflects broader market trends. Memecoins now dominate retail interest in crypto.
The project positions LINKS as a community token rather than a speculative asset. However, market dynamics will likely influence its performance. The team emphasizes regulatory compliance in their approach.
Impact on the Golf-Crypto Ecosystem
LinksDAO aims to put LINKS in every golfer’s crypto wallet. This ambitious goal could bridge traditional golf communities with crypto markets. The project has shown sustainability by acquiring real-world assets.
Their latest venture involves Hillcrest Golf Course, an historic 18-hole course designed by Donald Ross. This expansion demonstrates their commitment to physical assets alongside digital offerings.
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The project maintains a hybrid governance model. While NFT holders can vote on proposals, they don’t have complete control over project decisions. This structure balances decentralization with practical management needs.
Tags: #LinksDAO #BaseNetwork #CryptoTokens #NFTs #DeFi
Source: CoinDesk