MonkeDAO, the decentralized autonomous organization set up by owners of the Solana Monkey Business (SMB) NFT collection, is set to buy the project’s IP for $2 million. The announcement was made on April 14 via a tweet after a community vote was held in favor of the move.
The Solana Monkey Business project was sold by its founders to Hadeswap, a decentralized trading protocol based on Solana, two months ago. This decision was not well-received by MonkeDAO, who had plans to take over the project themselves. However, Hadeswap promised to respect the culture and legacy of SMB at the time of sale, and they used HadesDAO to govern the project.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the globe.
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