MonkeDAO Buys Solana Monkey Business For $2m

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.

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