Wednesday, October 16, 2024

MonkeDAO Buys Solana Monkey Enterprise For $2m


MonkeDAO, the decentralized autonomous group arrange by house owners of the Solana Monkey Enterprise (SMB) NFT assortment, is about to purchase the undertaking’s IP for $2 million. The announcement was made on April 14 through a tweet after a neighborhood vote was held in favor of the transfer.

The Solana Monkey Enterprise undertaking was bought by its founders to Hadeswap, a decentralized buying and selling protocol based mostly on Solana, two months in the past. This determination was not well-received by MonkeDAO, who had plans to take over the undertaking themselves. Nonetheless, Hadeswap promised to respect the tradition and legacy of SMB on the time of sale, they usually used HadesDAO to manipulate the undertaking.



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