Judge blocks sale of Jay-Z's first album and its copyright as an NFT
Damon Dash has slammed the complaint against him from Roc-A-Fella Records, stating that he never minted an NFT and was only attempting to sell his stake in the company. A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) co-founder Damon Dash to sell a tokenized version of Jay-Z's first album “Reasonable Doubt” along with its copyright. Dash however has claimed he was only trying to sell his stake in RAF. Rapper Jay-Z co-founded RAF with Damon Dash and Kareem Burke back in 1996. The record label has split ownership....
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Kings of Leon returns after a four-year break with an exclusive album NFT sale. American rock band Kings of Leon is the latest music project to jump on the bandwagon on the non-fungible token, or NFT, industry.After a four-year break, including a delay caused by the COVID-19 pandemic, the Nashville family band is back with something more than just their eighth music album.On Friday, Kings of Leon will release its new album, When You See Yourself, in the form of an NFT token, dropping three types of tokens as part of a series called “NFT Yourself,” the project told Rolling Stone. The album....
In December 2013, Snoop Dogg tweeted that his next album would be available for bitcoins. Now, one-year-and-a-half later, Snoop doesn't have to team up with Coinbase or BitPay to make his album available for bitcoins. Instead, he's just gotta do what he does best: make dope rhymes. The Bitcoin Community has got him covered. Now that Snoop Dogg's most recent album, Bush, produced by Pharrell, is available, it is indeed available for Bitcoin. Although the album is not available on Snoop Dogg's official website for bitcoins, CryptoCoinsNews lists here some other ways to buy the album using....
Fox uses an existing Youtube video in an episode of Family Guy, then complains about copyright infringement and takes down the video. This is just one of the many cases where large media organizations have unfairly used the provisions of the Digital Millennium Copyright Act (DMCA). Could blockchain provide a foolproof and fair way of dealing with copyright infringement disputes? Copyright laws protect online service providers. The Digital Millennium Copyright Act (DMCA) is a US law enacted in 1998, which helps media companies fight copyright infringement. The law provides stringent....
The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him.
NFT Used as Collateral
A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre.
The man, who has been identified by the Strait Times (ST) as Janesh....
Kings of Leon generated $1.45 million to $2 million in sales from their new NFT releases and will donate some of the proceeds to Live Nation’s Crew Nation Fund. The Kings of Leon’s tokenized album and NFTs sale that began on March 5 has generated at least $1.45M, or 820 Ether, in sales in its first five days according to figures on the Open Sea platform. However Rolling Stone reports that a band representative estimates the revenue is above $2 million, with $600,000 of that going to the Crew Nation Fund for supporting live music crews affected by the pandemic. The landmark reportedly event....