🌋 Wu-Tang Clan’s Exclusive Album Becomes a Bone of Contention
posted 12 Jun 2024
PleasrDAO, an organization engaged in collecting art and philanthropy, has filed a lawsuit against Martin Shkreli, who was previously convicted of securities fraud, for using a Wu-Tang Clan album during a live broadcast. PleasrDAO asserts that this action inflicted significant harm on their organization.
The Album was supposed to constitute the sole existing copy of the record, music, data and files, and packaging. It now appears, however, that Shkreli improperly retained copies of the data and files at the time of the forfeiture and has released and/or intends to release them to the public,stated the complaint.
Shkreli has labeled these accusations as baseless and called the actions of PleasrDAO's representatives contradictory since the decision was not voted on by the organization's members. He has also agreed to face the lawsuit if the allegations persist. Users in the comments have, as usual, formed two distinct factions.
Once Upon a Time in Shaolin is a unique album by the hip hop group Wu-Tang Clan, issued in just one copy as a protest against the mass digitization and distribution of music. Shkreli bought it for $2 million and has publicly performed snippets of it during interviews, contemplating the destiny of this rare recording.
After his arrest, the U.S. authorities seized the album, which was later sold at a special auction for $4.75 million. PleasrDAO, the purchaser, intended to broadcast it in a virtual conference hall.
More breaking news
More breaking news
Breaking news
📣 CyberKongz NFT Project Under SEC Scrutiny
Breaking news
⚡ Tether Invests in StablR as MiCA Regulations Approach
