Due to the ‘Reasonable Doubt’ NFT, Roc-A-Fella sued Dame Dash.
There may be disappointment among Roc-a-Fella Records fans who hoped for a proper reunion.
An ex-label of hip hop mogul Damon Dash has filed a lawsuit against him.
With DASH, a non-fungible token (NFT), JAY Reasonable Doubt’s album was offered for sale. According to the outlet, Alex Spiro, Hov’s attorney, filed the lawsuit Friday (June 18) in the Southern District Court of New York.
As detailed in the documents, Spiro asserts, “Dame Dash planned on selling … the copyright to JAY-Z’s Reasonable Doubt, one of the greatest recordings ever made. Dash is frantically looking for another venue through which to sell these items… Currently, Dash is stealing a valuable resource and must be held accountable for doing so.”
In addition, Dame Dash is accused of converting a corporate asset and breaching his fiduciary duty by attempting to sell it. He should be held accountable for his stealthy conduct by the courts.
As mentioned above, Dame Dash owns and operates his own streaming service, titled Dame Dash Studios. Reasonable Doubt was supposed to be auctioned on the NFT marketplace SuperFarm, but the NFT listing was canceled after Spiro contacted SuperFarm.
Taking this to a new level, the NFT finally grants the winner the right to sell the song in future. The minted NFT is proof that the album was sold, transferring the copyright to the winner.”
He does not own any rights to Roc-A-Fella, so he cannot sell the rights to Reasonable Doubt, despite being a 33% stakeholder in the company.
It is possible fans may be disappointed by the news of a Roc-A-Fella Records reunion. They have not yet addressed the matter publicly.
This article was penned by Jonathan P. Wright. Jonathan is a freelance writer for multiple mainstream publications and CVO of RADIOPUSHERS. You can read more of his work by clicking here.