In a short 48 hours, a community of crypto investors called LinksDAO (decentralized autonomous organization) minted over $10mil worth of NFTs. Holders of the NFT will have an organizational voice as to where the in-real-life golf course is bought, and the way it is run. NFT owners also get perks to the course and in the community.
If you’re all the way down the rabbit hole in web3, crypto, and NFTs, then you’re familiar with this story already. If you are one of the many still shouting “web3 and NFTs and crypto are all just a fad!” then we aren’t sure how to break it to you.
LinksDAO began as a community on Discord, where early members were given the opportunity to premint a select number of LinksDAO NFTs prior to public minting. Minting has now been completed with a total of 9,090 NFTs available.
There are two available NFTs: Global and Leisure. Depending on which one you hold, you are given different governing rights and privileges in the DAO.
Originally the Leisure was minted for 0.18 ETH (Ethereum), while the Global was minted at 0.72 ETH.
As all have been minted without any future plans for creating any more, the only way to join the DAO as an NFT holder is to buy from a current owner on OpenSea at a fluctuating value (currently ~0.28 ETH to 111 ETH), which in USD is approximately $1,000 to $391,540.
Below is a chart of USD volume of NFTs traded on OpenSea since October 7th. After 2021 was a record breaking year for NFT sales, the beginning of 2022 has already seen a massive and still-increasing spike in NFT minting and sales.
OpenSea is a “peer-to-peer marketplace for NFTs, rare digital items and crypto collectibles” and is the world’s largest hub for exchanging non-fungible tokens between minters, buyers, and sellers.
If all this is going over your head, you’re not alone. Many people consider the world of NFTs to be a trend. However, many Blackberry users said iPhones were a trend.
The way NFTs are changing hands and creating wealth will affect churches and shouldn’t be taken lightly.
It’s more than likely that people will lean toward giving of their crypto wealth to charitable organizations, and will also choose to give NFTs. Many charities are already restructuring in order to accept NFTs and other forms of giving as charitable contributions.
I know it might all be very confusing. New technology always is. Churches should learn about how they can cooperate with this new world sooner than later. Imagine accepting cash only when someone wants to give a $40,000 NFT to you?
Either the common church will learn this new space and consequently reach those who are in it or they will miss out on opportunities sevenfold.