Solana-based decentralized autonomous organization (DAO) MonkeDAO reveals intentions to acquire the renowned non-fungible token (NFT) collection Solana Monkey Business (SMB). Launched in 2021, MonkeDAO has positioned itself as the premier NFT DAO on the Solana blockchain and is driven by ardent supporters of SMB, one of the earliest NFT collections on the network.
To become a part of MonkeDAO, interested parties must hold an SMB NFT. The Solana Monkey Business collection first captivated the NFT community with its “Gen1” released in June 2021, followed by “Gen2” in August 2021. The collection features 5,000 distinctive pixelated monkeys that have garnered substantial popularity.
In a bold move to reshape the NFT industry, MonkeDAO’s proposal to acquire SMB’s rights suggests that this will bring significant benefits to the SMB project and all SMB Gen2 NFT holders. The proposal also highlights that HadesDAO, the current owner of SMB, stands to profit more from the MonkeDAO treasury’s funds rather than holding on to the SMB project.
The acquisition of Solana Monkey Business by MonkeDAO represents a potential turning point for the NFT landscape, proving the influence of DAOs in the rapidly evolving digital art and collectibles space.
In other news, the future of the Web3 gaming industry may depend on Asia, a region that already dominates the global gaming landscape. With its massive gaming population and interest in blockchain technology, Asia could usher in the next chapter in the evolution of video games.
