Hash Global Labs announced the completion of the acquisition of MaoDAO. MaoDAO's existing treasury funds will all be used for community building. MaoDAO brand positioning will be fully upgraded to a comprehensive entertainment community. Hash Global Labs and MaoDAO will land in Hong Kong and Singapore to practice various business models of Web3: community co-construction IP, fan club, private domain traffic management and distribution, creator ecology, etc. Hash Global Labs invited MaoDAO founder Xiao Maoge to serve as the first chairman of the proposed MaoDAO Council to help the development of MaoDAO and HG Labs. Council members (first batch) include: Geoffrey Tong, founder of Sole Art, Felix Wu, founder of Daxiangdian, Erik Zhang, founder of Shanghai Insight, FG, partner and producer of Starrise Medie, KK, founder of Hash Global, etc.