Nfts
Wu-Tang Clan’s Exclusive Album “Shaolin” Now Available for $1
Distribution and future release
The sampler will be sold as NFT and will be hosted on Base with distribution managed by Pleasr in partnership with Privy, Crossmint and Holograph.
PleasrDAO said additional music from the album would become available as they work with the original artists. The goal is to eventually release the full project, although contractual agreements prevent the full public release of the album before October 8, 2103.
Each sample purchase reduces the countdown to the full album release by 88 seconds. The album remains encrypted and tradable via the $ALBUM cryptocurrency until then.
The Album recounts a private listening session on March 2, 2015, where Wu-Tang ClanRZA and producer Cilvaringz presented the album to 150 guests, and this session was the only public showing of the album thus far.
Former ownership and legal disputes
“Once Upon a Time in Shaolin” was originally sold in 2015 to Martin Shkreli for $2 million, with conditions that restricted its commercial use for 88 years.
Shkreli’s attempt to auction the album on eBay in 2017 was halted after his conviction for securities fraud. The US government later sold the album at auction to PleasrDAO in 2021 for $4.75 million.
Recently, PleasrDAO filed a lawsuit against Shkreli, alleging that he kept copies of the album and shared them publicly. A Brooklyn judge issued a temporary ban preventing Shkreli from releasing or distributing the album’s contents.
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Blockchain enthusiast and long-time gamer.