South African golf will enter a new era with the historic first purchase of one of the country’s iconic golf courses using blockchain technology and crypto currency, and with the Legend Golf & Safari course in Limpopo set to pioneer this new vision to completely redefine traditional golf course ownership using NFTs.
LegendsDAO (Decentralised Autonomous Organisation) today announced its launch of an NFT (Non-fungible token) sale to purchase the Legend Golf & Safari course, which is in danger of closing its doors.
The project is the first step in what the company foresees will become a global trend towards the decentralisation of the sports industry through NFT funding and giving a community of investors shared ownership of major sports facilities or even teams.
A total of 2 000 LegendsDAO NFTs will be sold at $3 000, approximately 2 Ethereum (ETH), each to raise the $6 million required to purchase the Legend Golf & Safari course and begin its restoration to the standard that saw it make history as the first South African golf course featuring 18 holes designed by 18 individual champion golfers, including Trevor Immelman, Jim Furyk, Bernhard Langer, Colin Montgomerie, Justin Rose, Padraig Harrington, Ian Woosnam, Vijay Singh, Sergio Garcia, Retief Goosen and others.
The public will be able to pay the $3 000 using either Ethereum blockchain technology, or standard debit and credit cards.
The 2 000 exclusive owners will receive lifetime membership of the golf course and its facilities, including the popular Extreme 19th par-three hole with its tee box on the top of the Hanglip Mountain and accessible only by helicopter, the surrounding Entabeni Safari Conservancy featuring the Big 5, and a range of other future projects at the golf estate.
LegendsDAO allows for transparent governance and decision-making on all aspects related to the project, equally shared by the 2 000 members who have equal voting rights on all matters related to the development.
“The fact that this iconic golf course was closing its doors, and many others like it around the world, exposes the reality that there has to be a better and more sustainable way of doing business in sport. We believe that way is through a mixture of blockchain technologies,” said LegendsDAO co-founder Brian Anderson.
“LegendsDAO will change the way this golf course is funded through decentralisation of its ownership and putting this ownership in the hands of a like-minded community.”
LegendsDAO is the brainchild of the company SixtySixPercent, which has a history of specialising in various crypto projects since 2015.
“In the same way that the Internet changed the world in the Nineties, we believe we are now entering a similar era with crypto technology. Our vision is to successfully integrate the crypto world and the real world and change the way of doing business. LegendsDAO is the perfect vehicle for this,” added LegendsDAO co-founder Shawn Smith.
LegendsDAO aims to restore this golf course to international tour standards and future plans include the development of a new 80-bed boutique hotel and spa on the estate for which the building plans have already been passed, the restoration of the 10-hole par-three Tribute Course, and the development of a 150-home estate around the golf course complete with a private landing strip.
“The NFT sale is the first step in a bold plan to not only make the Legend Golf & Safari course a viable entity once again, but to see it thrive in a bold new future in which blockchain technology is the bridge to that future,” said LegendsDAO co-founder Chad Costa.
Those interested in joining the exclusive LegendsDAO can find more information at https://www.legendsdao.io/
