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This story is an example of why it is imperative to have peers who see things in you that you cannot see. Besides being one of the greatest rappers to ever touch a mic, Jay-Z means a lot to the culture for various reasons, depending upon who you ask. Today, he has become what one would consider an O.G. and continues to lace us with good advice while reminding us to keep going.
The “Reasonable Doubt” fiasco between Jay-Z and Dame Dash has finally come to an end … for now. Just one year after Roc-A-Fella filed a lawsuit against Dash for his attempt to auction Jay-Z’s critically acclaimed, “Reasonable Doubt” album as a non-fungible token (NFT), the Hip-Hop mogul has reached a settlement with the label. According to TMZ, Dash is now completely banned from selling the 1996 debut album as an NFT because Roc-A-Fella owns all of the rights to the project. “Unless duly authorized by RAF, Inc., no shareholder or member of RAF, Inc. may alter in any way, sell, assign, pledge, encumber, contract with regard to, or in any way dispose of any property interest in ‘Reasonable Doubt,’ including its copyright and including through any means such as auctioning a non-fungible token reflecting, referring, or directing to such interest,” said legal documents from the case.
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...
Roc-A-Fella Records recently stopped co-founder Damon Dash from selling his own (non-fungible token) NFT of Jay-Z’s 1996 “Reasonable Doubt” album. Now the billionaire Hip-Hop icon has announced that he will be making the sale himself. Variety reports that in honor of the album’s 25th anniversary, Jay-Z has partnered with artist Derrick Adams to create a one-of-a-kind animated digital artwork of the famous album’s cover, which is set to be auctioned off as an NFT in a special single-lot auction. “Over the years Jay has collected and supported my work, and so this collaboration is particularly fulfilling,” Adams said in a statement. “With this NFT project, we jointly embrace the opportunity to further the conversation about how artists of different mediums contribute to a more inclusive society. My portraits aim to capture the sensibility, optimism and beauty of urban life, and in Jay’s work I’ve found tremendous kinship.” According to Variety, this collaboration will be the first NFT...
Could this be the end of the Roc Boys for good? Jay-Z is suing his former Roc-A-Fella Records co-founder, Damon Dash. According to Page Six, Jay-Z’s attorneys are accusing Dash of trying to sell his debut album “Reasonable Doubt” as a non-fungible token (NFT), a new form of currency that’s making waves on the art market. They allege that he is attempting to do so without Jay-Z’s permission. In paperwork filed on Friday in New York’s Southern District Court, Jay-Z’s lawyers issued the following statement: “Dash had planned to sell at a SuperFarm Foundation online auction on Jun. 23…the copyright to Jay-Z’s album ‘Reasonable Doubt,’ recognized as one of the greatest recordings in history.” The documents also further explain that Jay-Z along with his Roc-A-Fella co-founders Dash and Kareem Burke all own one-third of the shares in the record label and in his 1996 album “Reasonable Doubt.” It also explains that the mentioned auction has now been canceled. “That auction was canceled and...