Serious Monkey Business
Solana Monkey Business was acquired by Hadeswap, a community-owned NFT AMM on the Solana blockchain, according to a tweet from the project.
❗Why It Matters
Solana Monkey Business (SMB) has been a leading Solana NFT project since its inception in the summer of 2021. Its acquisition by Hadeswap, a community-owned, decentralized project on Solanam aligns the incentives of the holders with the broader Solana NFT community.
🔜 What’s Next?
As part of the deal, Hadeswap is transferring ownership of Solana Monkey Business to the HadesDAO. After that, SMB will be able to take advantage of HadesDAO funding and proposals as a way of generating awareness and growth for the brand.
🎤 Project Prose
As a brand, we want to eliminate the barriers of entry to web3. Making SMBs familiar, relatable and user-friendly is where our win lies. We want to combine this vision to our expertise in terms of innovation and making things work in uncharted territories.Hadeswap
📊 By the Numbers
In the wake of the news, the Solana Monkey Business floor has jolted to 283 SOL, a 21 percent increase from this morning, according to Magic Eden's analytics.