MonkeDAO plans to purchase all IPs in the series from HadesDAO 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 right
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
I. Introduction
A. Explanation of the HadesDAO proposal to sell IP rights of Solana Monkey Business (SMB) to MonkeDAO
II. Background on HadesDAO
III. Background on MonkeDAO
IV. Explanation of Solana Monkey Business (SMB)
V. Details of the HadesDAO Proposal
A. Items included in the proposal
B. Reasoning behind the proposal
VI. Impact of the Proposal
A. How it will impact SMB project holders
B. How it will impact HadesDAO
VII. Conclusion
A. Final thoughts on the proposal
VIII. FAQs
A. What is Solana Monkey Business?
B. What is HadesDAO?
C. What is MonkeDAO?
# On April 14th, HadesDAO Passed a Proposal for MonkeDAO to Purchase Solana Monkey Business (SMB) IP
On April 14th, HadesDAO, an investment collective operating on the Ethereum blockchain, passed a proposal to sell the intellectual property (IP) of Solana Monkey Business (SMB) to MonkeDAO for $2 million USD. This purchase includes “all rights, assets, accounts, and keys of HadesDAO,” which encompasses legal registration of the brand, SMB website code, and ownership of SMB Twitter and Discord channels, among other things.
Introduction
This proposal has caused a stir in the crypto community due to its impact on both HadesDAO and SMB project holders.
Background on HadesDAO
HadesDAO is a decentralized autonomous organization (DAO) that operates on the Ethereum blockchain. It was founded in September 2020 and is composed of over 3,900 members. HadesDAO invests in cryptocurrencies, blockchain technology, NFTs, and DeFi projects.
Background on MonkeDAO
MonkeDAO is a decentralized autonomous organization (DAO) focused on the ownership and management of NFT assets. It is a subsidiary of the YGG (Yield Guild Games) gaming guild and was founded in February 2021. MonkeDAO has recently been acquiring a vast number of NFT projects and is incredibly bullish on the long-term growth of NFTs.
Explanation of Solana Monkey Business (SMB)
Solana Monkey Business (SMB) is an NFT project built on the Solana blockchain. It features 3D generative monkeys that are entirely unique and used for gaming, social staking, and other similar activities.
Details of the HadesDAO Proposal
HadesDAO passed a proposal to MonkeDAO on April 14th to sell its assets, accounts, and keys of SMB IP for $2 million USD. The proposal includes legal registration of the brand, website code, and ownership of SMB Twitter and Discord channels, among other things. The reason behind this proposal was that MonkeDAO believes 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.
Impact of the Proposal
This proposal will impact both HadesDAO and SMB project holders. Firstly, the sale of SMB IP will give HadesDAO a significant sum of money that it can invest back into the community. This includes funding for other projects that align with the DAO’s values or provide a better return on investment.
Secondly, SMB project holders will see their NFT holdings increase in value. MonkeDAO is well-known for its bullish stance on NFT projects, and this acquisition of SMB IP will open up new avenues of growth for the project. Furthermore, MonkeDAO will actively manage the project and ensure future success.
Conclusion
The HadesDAO proposal to sell Solana Monkey Business IP rights to MonkeDAO was a significant move in the crypto world. It will benefit both HadesDAO and SMB project holders in different ways. The sale will provide HadesDAO with more funds to invest, while SMB project holders will see an increase in the value of their NFT holdings.
FAQs
What is Solana Monkey Business?
Solana Monkey Business (SMB) is an NFT project built on the Solana blockchain. It features 3D generative monkeys that are entirely unique and used for gaming, social staking, and other similar activities.
What is HadesDAO?
HadesDAO is a decentralized autonomous organization (DAO) that operates on the Ethereum blockchain. It was founded in September 2020 and is composed of over 3,900 members. HadesDAO invests in cryptocurrencies, blockchain technology, NFTs, and DeFi projects.
What is MonkeDAO?
MonkeDAO is a decentralized autonomous organization (DAO) focused on the ownership and management of NFT assets. It is a subsidiary of the YGG (Yield Guild Games) gaming guild and was founded in February 2021. MonkeDAO has recently been acquiring a vast number of NFT projects and is incredibly bullish on the long-term growth of NFTs.
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