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

04/14/2023 02:27 • Metaverse & Beyond • 61 views

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: Overview of HadesDAO passing a proposal to sell SMB IP to MonkeDAO for $2 million
II. Background: Brief explanation of HadesDAO and MonkeDAO
III. Details of Proposal: Discussion of the terms of the proposal including assets and accounts being transferred
IV. Benefits of Acquisition: Explanation of how both SMB holders and HadesDAO will benefit from the acquisition
V. Future Plans: Discussion of MonkeDAO’s plans for SMB and what the acquisition means for the project
VI. Conclusion: Recap of the proposal and its significance in the crypto world
# On April 14th, HadesDAO passes proposal for Solana Monkey Business IP purchase by MonkeDAO for $2 million USD
The crypto world has once again witnessed a significant development as HadesDAO passed a proposal to sell the intellectual property of Solana Monkey Business (SMB) to MonkeDAO for $2 million USD. This acquisition includes all rights, assets, accounts, and keys of HadesDAO. The proposal further states that it includes any legal registration of the brand, SMB website code, ownership of SMB Twitter and Discord channels, and all other relevant assets.

Background

HadesDAO is a decentralized autonomous organization that empowers its members to make collective decisions through a DAO structure. Meanwhile, MonkeDAO is a DAO that focuses on creating unique NFTs and owning intellectual property rights of rare and valuable digital assets.

Details of Proposal

The proposal passed by HadesDAO has transferred all the ownership rights of SMB to MonkeDAO. This means that the project will have complete control over all the assets and accounts related to SMB. The transfer of ownership will essentially make MonkeDAO the sole owner of SMB.

Benefits of Acquisition

This acquisition is expected to yield benefits for both SMB holders and HadesDAO. 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’s experience in owning intellectual property and creating unique NFTs is expected to bring valuable insights that can further enhance the SMB project. Moreover, the funding acquired by HadesDAO through the sale of its assets will allow it to focus on its core mission of decentralizing governance.

Future Plans

With now owning the SMB intellectual property, MonkeDAO is expected to infuse new life into the project by introducing new NFT options and expanding the project ecosystem. With MonkeDAO’s resources and expertise, SMB will be in a position to execute new, innovative marketing strategies and bring in more users.

Conclusion

The transfer of ownership of the SMB project from HadesDAO to MonkeDAO highlights the potential of decentralized finance in the modern world. This acquisition will create new opportunities for SMB and its users while allowing HadesDAO to focus on its core mission. The future looks bright for both DAOs, and their communities are excited to see what new possibilities lie ahead.

FAQs

1. What is HadesDAO?
HadesDAO is a decentralized autonomous organization that empowers its members to make collective decisions through a DAO structure.
2. Who is MonkeDAO?
MonkeDAO is a DAO that focuses on creating unique NFTs and owning intellectual property rights of rare and valuable digital assets.
3. What does the transfer of ownership of SMB IP to MonkeDAO mean for the project?
With the transfer of ownership, MonkeDAO will now have complete control over all the assets and accounts related to SMB. This is expected to bring more resources and expertise to the project, allowing it to expand and evolve in new ways.
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