They launched as the Solana NFT market was picking up steam, and even yielded a $2.1 million NFT sale in October as they became Solana's premier blue chip NFT project. This collection of 5,000 NFTs is what most collectors more commonly associate with the SMB brand. The Gen2 avatars-which have a more traditional profile picture design akin to CryptoPunks or Bored Apes-are what exposed Solana Monkey Business to a broader audience. Just 25 of the full Gen1 sets are available. Holding a full set of all four original SMB NFT types grants the owner a share of the 2.5% Gen1 royalty attached to the 5,000 Gen2 avatars, which were released last August. Solana Monkey Business launched in June 2021 with just 205 total NFT collectibles, each showing a pixel simian in space. Members of MonkeDAO and a SMB co-founder tell Decrypt that all options remain on the table, including the potential for members to fork the project by "entangling," or wrapping, their NFTs to circumvent the current royalty model. The dispute between MonkeDAO and Solana Monkey Business has spilled out onto blog posts and social media, spread across tweets and Twitter spaces. MonkeDAO, a community-run decentralized autonomous organization (DAO) that was independently established by NFT holders, says that it needs additional funding to pursue further initiatives that potentially benefit all SMB holders. Solana Monkey Business (SMB) has generated more than $150 million worth of secondary trading to date, per CryptoSlam, and each sale has a small royalty to fund community efforts. At the heart of the dispute are royalty funds that come from secondary market sales of the NFT collectibles.
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