Hadeswap, a decentralized NFT trading platform built on Solana, has acquired Solana Monkey Business (SMB). The acquisition is aimed at expanding Hadeswap's reach and further solidifying its position as a leading exchange in the NFT space.
"SMBs are the face of Solana NFTs and have been since their inception in 2021. It is a unique opportunity to be able to empower a brand so powerful and unique," said Hadeswap in their 'BIG Announcement release'. The acquisition will give SMB holders involvement in Hadeswap's DAO funding and proposals, as well as a dedicated team to strengthen the SMB brand.
The Monke DAO, SMB's original community, stated that they have not formed a partnership with Hadeswap (yet) in a tweet, but that they are looking for the best path forward together.
There are plans for future SMB mechanics that align with Hadeswap and $HADES, creating additional utility for SMB holders within the Hadeswap ecosystem. The move is set to strengthen SMB and Hadeswap by reinforcing their winning factors and bringing new value propositions to both ecosystems.