One of Solana’s most valuable NFT collections was just acquired by a DAO of NFT holders
Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry has seen countless NFT collections launch since the NFT sector blew up in 2021. However, even so, a few of them in each network are the most popular. For Solana’s ecosystem, Solana Monkey Business (SMB) is easily one of the most valuable and prominent NFT collections, and the project has seen strong support by a group of holders calling themselves MonkeDAO. However, the DAO has had disputes with the collection ’s creators and its most recent owners. Yesterday, they announced that they managed to officially acquire the IP to the project in the aftermath of one of the disputes. MonkeDAO celebrates SMB’s “independence day” MonkeDAO purchased the SMB IP, as well as all related keys, assets, and even accounts from Hadeswap, Solana’s leading NFT exchange. The acquisition of the project and everything that comes with it cost around $2 million. The deal was a...