Unfolding the truth, Jay-Z’s album ‘Reasonable Doubt’ in NFT space

Unfolding the truth, Jay-Z’s album ‘Reasonable Doubt’ in NFT space

ENTERTAINMENT | Jun 24, 2021 | WOZINGA NEWS

Unfolding the truth, Jay-Z’s album ‘Reasonable Doubt’ in NFT space

  • RAF record company sued Damon Dash for allegedly selling the digital ownership of Jay-Z’s album as NFT.
  • Dash claimed the lawsuit is inaccurate. He even mentioned that it is a ‘scare tactic.’

By Marielle Petere Wozinga Journalist

RAF record company sued Damon Dash for allegedly selling the digital ownership of Jay-Z’s album as NFT.

Jay-Z’s 1996 debut album, Reasonable Doubt, has become a headliner in the crypto space and the music industry for these past few days.

In this case, the real buzz is not about earning millions but the controversial lawsuit. The battle is between Roc-A-Fella Records (RAF) and the company’s co-founder Damon Dash.

Jay-Z's album ​

Back in 1995, Shawn “Jay-Z” Carter, Damon “Dame” Dash, and Kareem “Biggs” Burke founded the RAF Records. Without a doubt, Dame Dash has been a long-time business partner of Jay-Z. Also, Jay-Z is known as one of the most prominent American hip-hop artists.

As for the Reasonable Doubt album, the success and recognition for it have become phenomenal. Various publications listed it as one of the greatest rap albums in history, and Jay-Z fans have considered it a supreme work.

Origin of chaos

On June 18, the RAF record company sued, filed by Atty. Ales Spiro, Damon Dash for allegedly selling the digital ownership of Jay-Z’s albumReasonable Doubt, as a non-fungible token (NFT).  

Based on the complaint, Dash allegedly collaborated with the NFT platform SuperFarm. It even quoted the SuperFarm announcement. It mentioned that the NFT auction date is from June 23-25. 

Meanwhile, the NFT platform press release said: “SuperFarm is proud to announce, in collaboration with Damon Dash, the auction of Damon‘s ownership of the copyright to Jay-Z’s first album Reasonable Doubt.” 

“This marks a new milestone in the history of NFT’s, entitling the new owner to future revenue generated by the unique asset,” the complaint additionally quoted the release. Concerning the complaint, RAF noted that Dash has no right to sell it because he does not own it.

RAF’s warning letter and the court hearing

The label stated that the cancellation of the Reasonable Doubt auction as NFT happened after SuperFarm received the warning letter. 

In addition, TMZ reported that the RAF company requested the court to issue a temporary restraining order. So, Dash could not find another NFT auction platform. 

On June 22, during the court hearing, Hollywood Reporter revealed that U.S. District Court Judge John Cronan questioned Atty. Spiro about why monetary damages are still not enough. As the legal representative, Spiro answered: “A lot of it has to do with the uniqueness added to the unique industry.” 

But, Hollywood Reporter noted that Dash and his legal representative were not in the hearing. Still, the RAF will continue to fight the case.  

Dash claimed: 'Lawsuit is inaccurate.'

On June 20, Damon Dash exclusively voiced out  in TMZ about the record label lawsuit against him. According to the report, Dash claimed the lawsuit is all inaccurate. 

Moreover, TMZ included Dash’s statement about what happened in March 2021. He stated that Jay-Z attempted to buy his 1/3 share of RAF at a price that he thought unacceptable. He even mentioned that it is a ‘scare tactic.’

On June 21, the New York Post published that Dash named Jay-Z as “liar” and “bully” Page Six included Dash’s comment. He declared: “I’m not running around to different places trying to auction off ‘Reasonable Doubt.’

“I’ve been working with one platform and that’s SuperFarm., ” Dash added. “And the thing is I own a third of Roc-A-Fella Records and I can sell my third if I feel like it.”

Do you think the RAF and Damon Dash controversy will end soon?

Created with Perfect Survey

Statistics - View the results

Leave a Reply

Your email address will not be published. Required fields are marked *