Showing 2 results for:
nft auction
Popular topics
All results
Editorial Note: This piece was edited on March 17, 2022, at 4:01 p.m. EST. — Could the beef between Jay-Z and Damon Dash soon be ending? The clash first began after Jay-Z sued Dash for allegedly attempting to sell his debut album “Reasonable Doubt” as a non-fungible token (NFT) without his permission, as previously shared by AfroTech. His attorneys described the matter as “brazen theft” due to him not having the “right to sell the copyright or any individual ownership interests in ‘Reasonable Doubt.’” Although the lawsuit had been filed, Dash was adamant about continuing with the NFT auction. In addition, his lawyer countersued Jay-Z against what he believed to be false claims and for reportedly changing all the streaming rights for “Reasonable Doubt” “without authorization or agreement” from all Roc-A-Fella Inc. partners. “The misinformation was put out there from me selling my third of the company. It wasn’t misconceived. It was a lie,” Dash shared with Variety. “Jay doesn’t have...
The Damon Dash and Jay-Z beef has just kicked up a notch now that the “Reasonable Doubt” non-fungible token (NFT) auction could still be underway. Last month, AfroTech reported that Jay-Z proceeded with a lawsuit against his former business partner for trying to sell his 1996 debut album as an NFT without his permission. But Dash, a Roc-A-Fella Records co-founder, has his mind set on selling his portion of the record label despite legal threats. According to Variety, the legal proceedings between the two went beyond the NFT sale. While Dash was waiting to “mint” the album, his lawyer sued Jay-Z for supposedly switching the streaming rights for “Reasonable Doubt” from Roc-A-Fella Inc. to the rapper’s own LLC in licensing the music to Spotify, Apple and other streaming platforms. The outlet also reported that Dash’s lawyers then filed a summons in New York Supreme Court on July 13 with these claims — which included breach of fiduciary duty — that Jay-Z transferred all streaming rights...