TechFlow news: Hash Global Labs has completed the acquisition of the NFT project Maodao, restructuring and upgrading it into a comprehensive cultural and entertainment community. All existing treasury funds will be fully allocated to community development. HG Labs stated that it will dedicate the next decade to building Maodao into a leading Eastern Web3-native IP, with its brand positioning comprehensively upgraded to a full-scale cultural and entertainment community. According to the announcement, all of Maodao’s current treasury assets will be used exclusively for community building. HG Labs aims to contribute tens of millions of users to the Web3 ecosystem through Maodao within three years, striving to establish Maodao as a top-tier Eastern Web3-native IP with an elevated identity as a comprehensive cultural and entertainment community.
A new Community Council will be established for Maodao. Original founder Xiaomaoge will remain as a member of the inaugural council to continue supporting Maodao's growth alongside HG Labs. The first council includes Geoffrey Tong, founder of Unique Art; Felix Wu, founder of Elephant Screening; Erik Zhang, founder of Shanghai Insight; FG, partner and producer at Starrise Media; and KK, founder of Hash Global.
KK, founder of Hash Global Labs, said, “We plan to establish operations in Hong Kong and Singapore, experimenting with various Web3 business models—community-driven IP development, fan clubs, private traffic management and distribution, and creator ecosystems. We aim to forge a sustainable commercial path for Web3 IPs and PFP (Profile Picture) communities by integrating tangible products and external economic value. More announcements will come on August 9, when Maodao celebrates its second anniversary.”
