On January 4, DAOsLinksDAOAnnounced that it has raised a total of 10.5 million US dollars in the form of NFT sales. A total of 9,090 NFTs were sold in this sale (the team retained 10%, which will be used for future promotion and cooperation), and the whole process took about 26 hours.

Although there are certain differences in the form of fundraising (NFT sales, donations), LinksDAO is similar to recent DAO organizations such as ConstitutionDAO and Free Ross DAO, all of which use a specific goal as a consensus point.

Specifically, the vision of LinksDAO is to gather tens of thousands of fans through DAO, and use this as a community to jointly build a modern golf and leisure club. The NFT sold this time represents the membership of the club. Users holding these NFTs will be able to participate in the club's governance in the future and experience various activities and benefits.

According to the differences in NFT categories, LinksDAO has issued two levels of membership this time—Leisure Membership and Global Membership. The former has a total of 6,363 and the initial sale price is 0.18 ETH. The current Opensea floor price The latter is 0.32 ETH, the latter has a total of 2727, the initial sale price is 0.72 ETH, and the current Opensea floor price is 0.95 ETH. As of the publication, LinksDAO NFT has accumulated a total transaction volume of thousands of ETH in the past two days.

On the homepage of LinksDAO’s official website, we can see the specific rights and interests of different levels of membership. As shown in the figure above, the main difference is whether the governance weight can carry relatives and friends.

Now that we talk about governance, we have to mention token-related content. According to the plan, LinksDAO will launch a freely circulated governance token LINKS in the future. Mike Dudas, the project lead (and founder of cryptocurrency media The Block) told CoinDesk: "I can't guarantee a specific (coin issuance) date, but our goal is to launch governance as early as possible in 2022." Tokens. We need to do this in a compliant manner, and sound token distribution and governance design are important to ensure active participation of community members.”

Dudas also cited the project's biggest challenge—purchasing and operating a PGA-certified golf course. According to industry experience, the cost of such operations may be as high as tens of millions of dollars. Therefore, LinksDAO will definitely raise funds again in the future.

Another detail issue at the compliance level is that under the existing legal system, DAO may not be able to be the holder of traditional types of assets such as stadiums, so LinksDAO is considering creating an independent entity called "LinksDAO Inc." As the future daily operating body of the stadium, the authority definition between this entity and DAO still needs further discussion.