Distribution and Future Launch
The sampler shall be bought as NFTs and shall be hosted on Base with the distribution managed by Pleasr in partnership with Privy, Crossmint, and Holograph.
PleasrDAO said that further music from the album would turn out to be obtainable as they work with the unique artists. The objective is to ultimately launch the total venture, though contractual agreements forestall the whole album’s public launch till October 8, 2103.
Every sampler buy reduces the countdown to the album’s full launch by 88 seconds. The album stays encrypted and tradable by way of the cryptocurrency $ALBUM till then.
The Album recounts a personal listening session on March 2, 2015, the place Wu-Tang Clan’s RZA and producer Cilvaringz offered the album to 150 invited company, and this session has been the album’s solely public airing till now.
Former Possession and Authorized Disputes
“As soon as Upon a Time in Shaolin” was initially bought in 2015 to Martin Shkreli for $2M, with circumstances that restricted its business use for 88 years.
Shkreli’s try and public sale the album on eBay in 2017 was halted after his conviction for securities fraud. The U.S. authorities later auctioned the album to PleasrDAO in 2021 for $4.75M.
Just lately, PleasrDAO filed a lawsuit towards Shkreli, alleging that he retained copies of the album and shared them publicly. A Brooklyn decide issued a short lived ban stopping Shkreli from streaming or distributing the album’s content material.
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