Jay z reasonable doubt release date plus#

IвЂ™ve been working with one platform and thatвЂ™s SuperFarm.вЂќ He called the suit a scare tactic intended to make him sell his stake in the company. Dash also told the New York PostвЂ™s Page Six that вЂњIвЂ™m not running around to different places trying to auction off Reasonable Doubt. вЂњUnder the terms of the deal with a potential buyer, the buyer would buy my share of Roc-a-Fella Records and Jay-Z will have exclusive administration rightsвЂќ to the album, he told TMZ. If you (understandably) still have questions, you can read through our NFT FAQ.ДЄccording to TMZ, which first reported the lawsuit, Dash has called the lawsuit inaccurate - saying heвЂ™s trying to sell his share in RAF rather than the album itself. ThereвЂ™s also a lot of discussion about the massive electricity use and environmental impactsВ of NFTs. NFTs have been making headlines lately, some selling for millions of dollars, with high-profile memes like Nyan Cat and the вЂњdeal with itвЂќ sunglasses being put up for auction. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. NFT stands for вЂњnon-fungible token,вЂќ and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. вЂњThe bottom line is simple: Dash canвЂ™t sell what he doesnвЂ™t own.вЂќ вЂњThere is only one Reasonable Doubt - the rights to it are irreplaceable,вЂќ the complaint notes.

Jay z reasonable doubt release date plus#

RAF wants Dash to hand over any NFTs heвЂ™s minted based on Reasonable Doubt, plus monetary damages. SuperFarm canceled the auction at RAFвЂ™s request, but the label claims Dash is trying to find a substitute venue. Dash owns a minority share in RAF, but the suit says that gives him вЂњno right to sell a company assetвЂќ as an NFT or otherwise. вЂњSelling the copyright to Jay-ZвЂ™s Reasonable Doubt as an NFT is a groundbreaking landmark - both for the crypto space and the broader music industry,вЂќ the statement apparently continued.Д«ut Roc-A-FellaвЂ™s lawyers say this wasnвЂ™t DashвЂ™s product to advertise.

It quotes a purported SuperFarm press release calling the sale вЂњone of the most significant NFT auctions to date,вЂќ since it would transfer вЂњthe rights to all future revenue generated by the album from Damon Dash to the auction winner.вЂќ ThatвЂ™s an unusually sweeping promise for an NFT.

The lawsuit claims Dash partnered with platform SuperFarm to auction an NFT of Reasonable Doubt, following a well-trodden path of selling art ownership via NFT. Roc-A-Fella Records (RAF), co-founded by hip-hop mogul Jay-Z, has sued fellow co-founder Damon Dash for allegedly hawking a non-fungible token of Jay-ZвЂ™s 1996 debut album Reasonable Doubt.

Jay-z reasonable doubt release date