Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: RSRS on July 25, 2021, 06:42:30 AM
-
NFT worth $10 million has been auctioned by Damon Dash of Roc-A-Fella
Dash is selling the copyright of the Reasonable Doubt of Jay-Z with the crypto coin
Dash claimed that carter has wrongfully tried to take the streaming copyright of the album
Dash is trying to auction off his complete stake in the firm
The NFT auction will close on Monday with a minimum bid of $10 million
NFT or Non-Fungible Tokens were something of a craze last year. However, in recent months the craze seems to have declined. Last month, the firm charged Damon Dash of Roc-A-Fella with selling such cryptocurrency on Ether blockchain linked to the album named Reasonable Doubt by Jay-Z. According to the firm, Damon was trying to sell the ownership of the copyrighted asset to Reasonable Doubt. Indeed, it was known that with the deal, Dash was trying to auction out his entire stake in the firm.
Damon Dash sells Reasonable Doubt NFT
Non-Fungible Tokens are nothing other than a kind of distinct cryptocurrency linked to a file. Indeed, with the purchase of the crypto coin, the owner receives a copy of the file as well. When an artist tries to cash in by generating an NFT of a song, it’s just the copy of the file that is linked with the crypto coin.
Dash and Jay-Z are the co-founders of Roc-A-Fella Records. However, their relationship has soured, with the pair locking horns on the firm. In a recent filing by Roc-A-Fella, it is revealed that Damon tried to sell such NFT with the ownership of the copyright to Reasonable Doubt. The album was the debut album created by Jay-Z and released in 1996.
More Information (https://cryptonews.net/en/news/nft/1166317/)