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LinksDAO is launching its own community token, adding a highly tradeable asset alongside its nearly 10,000 membership non-fungible token (NFTs) this crypto golf club tried selling to fund its mantra: "We`re gonna buy a golf course." NFTs aren`t as trending as they were in early 2022 when LinksDAO sold its membership tokens for $10 million. The market euphoria that led raunchy Beeple artwork to nab hundreds of millions of dollars at auction moved on long, long ago. CryptoSlam`s NFT Index is down nearly 97% since its inception in January 2022, showing how market interest is now elsewhere. Memecoins now dominate crypto`s short attention span economy; even Trump has one. Now LinksDAO will have one too, with LINKS. "We are going to be launching a community token that has deep culture, that`s embedded in the game of golf, that`s embedded in the community, and that`s permissible under the fucking regulations that we have to deal with," LinksDAO founder Mike Dudas said on a community call late Tuesday. The coin is expected to launch in the coming months on the Base blockchain. A third of its supply is earmarked for LinksDAO NFT holders, with smaller allocations for members of other NFT communities, including Pudgy Penguins and Bored Ape Yacht Club. Any successful crypto coin inevitably lives or dies as a financial instrument, even when its promoters – right up to the President of the United States – attempt to insist otherwise in the fine print. For their part, LinksDAO`s suits proclaimed LINKS was not "speculative" nor an investment. Instead, they`re calling it a community "enhancer:" a way to broaden the reach of a crypto club that managed to weather the bear market less because of the enduring appeal of NFTs than the growing power of golf. "The goal is to have every single golfer have LINKS in their crypto wallet," said head of community and co-founder Cooper Sherwin. LinksDAO bought a golf club in Scotland in mid-2023. The club`s executives recently signed an agreement to become partial owners of a second course in Kansas City. That deal is subject to a vote by LinksDAO`s NFT-holding members, said Sherwin. Hillcrest Golf Course is an 18-hole course designed by an architect from golf`s so-called Golden Age, Donald Ross in 1915. He once called it the finest course in the world, but it fell into disrepair over the ensuing century, according to project members. That created an opportunity for LinksDAO to cut a deal. Current owner Robb Heineman – a Kansas City businessman who also owns that city`s Major League Soccer team – closed the club down for a few years back to pursue a $30 million renovation project. Heineman did not return a call from CoinDesk. In a press release, he said LinksDAO "shares our forward-thinking vision for what a golf club can be." LinksDAO will become a minority owner of Hillcrest and gain a board seat, though project leads declined to share specific financials behind the deal. The deal will seek the approval of LinksDAO`s NFT holding members, who vote on proposals but don`t have full legal power over the project`s decisions. Some 200 members showed up on Tuesday night to hear the dual announcement of course acquisition and token. That means LinksDAO is not actually a "decentralized autonomous organization," but instead a kind of affinity club for people at the intersection of crypto and golf. Hillcrest`s national membership program will become a LinksDAO operation open only to holders of its NFTs.
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Source: CoinDesk
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Brian Quintenz’s Appointment May Shift CFTC’s Role in Bitcoin and Ethereum Regulation Under Trump’s New Framework
The landscape of cryptocurrency regulation is poised for transformation as President Trump names Brian Quintenz to lead the CFTC. This pivotal appointment signals an impending shift in regulatory focus, with CoinDesk
What Has Litecoin & Artificial Superintelligence Alliance Holders Just Purchased & Are The 100x Rumors Coming True?
The post What Has Litecoin & Artificial Superintelligence Alliance Holders Just Purchased & Are The 100x Rumors Coming True? appeared first on Coinpedia Fintech News Whales and institutional investors are always ahead of the market. Their deep pockets and broader connections give them access at a higher level. Recent activities suggest that big players from Litecoin (LTC) and Artificial Superintelligence Alliance (FET) are exploring new opportunities. One of the biggest thing 1Fuel (OFT) ongoing presale. The market is currently buzzing with its record-breaking presale. Could it be the next big bet? The 100x speculation: What’s driving the hype? Crypto insiders are buzzing about a new project, 1Fuel (OFT), that could deliver massive gains. This project is tipped to have all the potential to become a top contender in the crypto market. There is suspicion that big investors from older blockchain projects are investing in 1Fuel’s infrastructure. This has triggered 100x speculation among early investors, who are aping its ongoing presale. Historically, early adopters of a project have recorded massive gains in the case of an upside. This motivation and conviction about the potential of 1Fuel (OFT) have led holders of LTC and FET to buy OFT tokens. The launch price of 1Fuel’s OFT tokens is not currently known. However, with an ongoing presale price of $0.018 and multiple stages ahead, investors can expect a massive flip on launch day. Why 1Fuel (OFT) is attracting smart money 1Fuel’s (OFT) innovative technology, like its one-click solution for cross-chain transactions, sets it apart in the global market. The complexities of navigating multiple chains, paying multiple fees, and spending too much time on a transaction will become obsolete with 1Fuel users. This innovative masterpiece already attracts investors who prioritize strong utility. Big investors, like those from LTC and FET, are looking for stability in the long run. 1Fuel offers this through its robust infrastructure, roadmap, and value proposition. 1Fuel also symbolizes a present and future where crypto investors can use credit and debit cards to spend their coins in the real world. This increases the use cases for crypto and speeds up the integration of cryptocurrency into the global market as an efficient alternative to fiat payments. Could 1Fuel’s ongoing stage 4 presale become the next accumulation for big investors before the next breakout? As the market shows signs of recovery amidst global uncertainties, will 1Fuel provide refuge for these investors? Market conditions favour 1Fuel (OFT) A silent but ongoing trend is the rotation of capital from some older assets to new projects taking center stage. While established crypto projects may enjoy a significant market share, investors are betting on new competition to yield more profits. The increase in crypto adoption globally is increasing the need for efficient digital asset management. 1Fuel is strategically positioned in a high-growth sector and is further strengthening its position through its comprehensive suite of features. If the rumors around investments from big players hold, the window of opportunity through 1Fuel is closing fast. Prominent investor backing with the right hype will have provided huge gains for early investors before the market catches on. 1Fuel’s ongoing presale is selling fast at $0.018. Investors looking for low-entry and high-growth potential should take advantage of this opportunity. To Find Out More About The 1Fuel Presale Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X – https://x.com/1Fuel_ CoinDesk
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zkLend Faces Major Hack: $9 Million in Ethereum Stolen
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