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After Acquiring Wu-Tang Clan's Rare Album For $4M, NFT Collective PleasrDAO Is Selling Access To It For $1

Wu-Tang Clan’s “Once Upon a Time in Shaolin” could have an earlier release date thanks to non-fungible token (NFT) collective PleasrDAO. In 2015, the legendary Hip-Hop group auctioned off only one physical copy of their seventh studio album, and former “pharma bro” Martin Shkreli reportedly bought it for $2 million, according to The New York Times. PleasrDAO then acquired the album for $4 million in 2021 from the U.S. government after Shkreli was convicted of securities fraud. Previously, Wu-Tang Clan’s sales contract with Shkreli stated that “Once Upon a Time in Shaolin” was prohibited from being publicly released until Oct. 8, 2103, which was 88 years into the future. However, the album isn’t as inaccessible now. The New York Times reports that on June 13, PleasrDAO started giving listeners access to a five-minute sampler of an encrypted digital version, an NFT, for $1 in addition to fees. The collective stated it was part of an experiment and posed the question: “Do people still...

Jun 18, 2024

Stephen Curry Allegedly Was Paid $35M By FTX

FTX allegedly brought in big money for Stephen Curry.

Oct 5, 2023

A New Study Says '95% Of People Holding NFT Collections Are Currently Holding Onto Worthless Investments'

2021 to 2022 was a time when the trend of non-fungible tokens (NFTs) was booming. Celebrities such as Stephen Curry were purchasing NFTs for hundreds of thousands of dollars. In addition, a whopping number of people were launching their own exclusive collections and even creating their own cryptocurrency.

Sep 22, 2023

Lawsuit Alleges Shaquille O’Neal Received Nearly $750K From FTX

According to a lawsuit, FTX is looking to collect some of its profits, and this could impact the pockets of Shaquille O’Neal and Naomi Osaka .

Sep 11, 2023

Snoop Dogg Invests In $20M Funding Round For Sound, A Web3 Music Platform

Snoop Dogg is all about supporting artists in collecting their coins, and it shows.

Jul 12, 2023

Shaquille O’Neal Hit With Another Lawsuit Relating To Cryptocurrency Allegations

The lawsuits against Shaquille O’Neal seem to be piling up.

May 24, 2023

After Royalties For A Rihanna Record Were Sold On AnotherBlock, The Platform Raised Over $4M In Funding

While the hype surrounding Web3 seems to have been dying down as of late, some in the music industry still use the space to their advantage.

May 19, 2023

Lil Yachty Settles Lawsuit With NFT Platform That Raised $6.5M In Venture Capital Funds Using His Likeness

An NFT platform is being held accountable for using the name and likeness of Lil Yachty.

Apr 12, 2023

Lockerverse Equips Diverse Creators And Athletes To Build Wealth By Selling Assets On The Blockchain

Three founders combined their backgrounds to launch an innovative technology platform that’s attracting the likes of Savannah and Bronny James.

Apr 3, 2023

Giannis Antetokounmpo's NFT Sells For $187K, Becomes Highest Sale On Sorare NBA

The hype around NFTs may have died down. However, Giannis Antetokounmpo has made history for one of his own.

Feb 10, 2023

Justin Bieber Blew $1.29M On A Bored Ape NFT — Here's How Much It's Worth Today

Remember when rapper Mike Jones had everyone singing, “Back then they didn’t want me. Now I’m hot; they all on me?” If there were a reverse meaning to this lyric in object form, it would be the popularity of NFT collections. Several months ago, non-fungible tokens (NFT) were all the rave. Almost every week, there was an announcement about a different influencer or organization turning their product or experience into an NFT. And while some financial experts predicted the depreciation of some NFTs, many didn’t think they would plummet in value as quickly as they did.

Nov 21, 2022

Stephen Curry, Shaquille O'Neal, And More Named As Defendants In $11B FTX Class Action Lawsuit

What started off as a growing trend for celebrities has turned into a legal battle.

Nov 17, 2022

Hit-Boy, James Fauntleroy Tapped To Produce Album For Bored Ape Yacht Club's Rock Band

Producers behind your faves’ hit records have collaborated for a new music venture. Hit-Boy and James Fauntleroy — who have worked with the likes of Beyoncé, Jay-Z, and Rihanna — are the producers behind Bored Ape Rock Band Kingship’s album, Bloomberg reports.

Sep 12, 2022