and large to be taken over by DAOs. “However, they could still hold the answer for smaller leagues, as well as different sports where collective ownership is already a more accepted model,” says Alomes. LinksDAO, for example, aims to ‘build the world’s greatest golf community,’ which includes ownership
purchase. Rather, it gives the right to buy a physical membership at some point in the future. One of the investors is kit and clothing brand Callaway. Both in terms of engagement as well as the fiat (actual cash) value of NFT memberships, LinksDAO has a long way to go to raise enough capital for achieving its lofty aim of purchasing a physical golf course or club. Alomes spots early signs that the model could be workable, and expects to see further meaningful applications of DAOs to sports. FAN TOKENS OR FANS TAKEN? UK football club Crawley Town presents another example closer to the grassroots. Its new American
CRAWLEY’S AMERICAN OWNERS BOUGHT THE LEAGUE TWO TEAM FOR CASH MADE FROM THEIR CRYPTO FIRM WAGMI UNITED
The takeover of Chelsea FC cost businessman Todd Boehly and VC firm Clearlake Capital £4.25 billion. No NFT-funded DAO is going to raise more than a fraction of that just yet. Also, federations like the EPL or NFL are simply too complex
of a high-profile course. Its launch at the beginning of 2022 raised $10 million through 9000 NFTs, the sale of which also bestowed membership. Notably, the NFTs do not actually grant holders membership to any physical golf course the DAO may
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