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HadesDAO sells Solana Monkey Business (SMB) intellectual property to MonkeDAO for $2 million

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On April 14th, HadesDAO passed a proposal on Thursday to allow MonkeDAO to purchase Solana Monkey Business (SMB) intellectual property (IP) for $2 million USD, including \”all right

HadesDAO sells Solana Monkey Business (SMB) intellectual property to MonkeDAO for $2 million

On April 14th, HadesDAO passed a proposal on Thursday to allow MonkeDAO to purchase Solana Monkey Business (SMB) intellectual property (IP) for $2 million USD, including “all rights, assets, accounts, and keys of HadesDAO”. According to the proposal, this includes any legal registration of the brand, SMB website code, ownership of SMB Twitter and Discord channels, etc. The proposal states that “MonkeDAO believes that all holders of the SMB project and the SMB Gen2 NFT will benefit from this acquisition, and HadesDAO will benefit more from its funding rather than maintaining ownership of the SMB project

MonkeDAO plans to purchase all IPs in the series from HadesDAO for $2 million

Introduction

The HadesDAO community passed a proposal to sell their Solana Monkey Business (SMB) intellectual property (IP) to MonkeDAO for $2 million USD. The proposal outlines the details of the sale and the benefits for both parties.

Background

HadesDAO is a decentralized autonomous organization (DAO) that runs on the Solana blockchain. They aim to support projects and communities that align with their values of decentralization, innovation, and community-driven development. Solana Monkey Business (SMB) is a project that aims to bring the benefits of non-fungible tokens (NFTs) to creators and collectors through social tokens.

The Proposal

On April 14th, HadesDAO passed a proposal to sell their SMB IP to MonkeDAO for $2 million USD. The proposal stated that MonkeDAO believes all SMB project and SMB Gen2 NFT holders will benefit from this acquisition. The monies raised “will help HadesDAO for more funding versus maintaining the SMB project”. The sale includes all rights, assets, accounts, and keys of HadesDAO. The purchasing party, MonkeDAO, will acquire legal registration of the brand, SMB website code, ownership of SMB Twitter and Discord channels, and other related assets.

Benefits for MonkeDAO

The acquisition of SMB IP aligns with MonkeDAO’s vision to build and support a culture of creators and collectors in the NFT space. The purchase of SMB IP gives MonkeDAO access to SMB’s NFT technology, which will help them expand their offerings and create new revenue streams. The acquisition will give MonkeDAO the full rights to the SMB project and allow them to take their NFT offerings to the next level.

Benefits for HadesDAO

The sale of SMB IP will provide significant financial benefits to HadesDAO. As a community-driven organization, HadesDAO will use the funds to support other projects and communities that fit their values. HadesDAO will have more opportunities to fund new projects and expand its impact across the Solana blockchain.

Conclusion

The sale of Solana Monkey Business (SMB) intellectual property (IP) from HadesDAO to MonkeDAO represents a significant milestone in the NFT community. The acquisition opens new opportunities for MonkeDAO to expand its offerings, while providing significant financial resources to HadesDAO for further growth and development.

FAQs

1. What is HadesDAO?
HadesDAO is a decentralized autonomous organization (DAO) that runs on the Solana blockchain, aiming to support projects and communities that align with their values of decentralization, innovation, and community-driven development.
2. What is MonkeDAO?
MonkeDAO is a decentralized community of creators and collectors that supports a culture of authenticity, community, and collaboration in the NFT space.
3. What is Solana Monkey Business (SMB)?
Solana Monkey Business (SMB) is a project that aims to bring the benefits of non-fungible tokens (NFTs) to creators and collectors through social tokens.

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