Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT A...
After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for $4 million. Just recently, the public was told that the unreleased record called “Once Upon a Time in Shaolin” was sold to the non-fungible token (NFT) collectors syndicate called “Pleasrdao.” The New Owners of ‘Once Upon a....
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Martin Shkreli claims to have been swindled of the $15 million he intended to send to Kanye West to own the exclusive rights to the rapper’s new album, “The Life Of Pablo.” The beleaguered American entrepreneur also claims to have spoken with Satoshi Nakamoto. There’s been no link given to the sizeable Bitcoin transaction, which would be publicly verifiable on Bitcoin’s public ledger. What’s quite possible is Shkreli is merely trolling, and none of this ever happened. Shkreli has not publicly spoken on Bitcoin in the past, and originally told West he had arranged for a loan to be made so....
World-class asshole Martin Shkreli found himself in the news yet again when he resigned his position as CEO at Turing Pharmaceuticals. This move comes following his arrest on charges of securities fraud, as he allegedly used shares from his former company, Retrophin, to pay debts. Shkreli first made headlines earlier this year when his company purchased the rights to a decades-old HIV/AIDS medication and raised the price by over 5,500%, from $13.50 USD to $750. This action earned him the title of douchebag of the century in the hearts and minds of people across the globe. However, if his....
‘Once Upon a Time in Shaolin’ has been dubbed the OG NFT and now PleasrDAO has turned the title deed to the work into a real NFT. PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan's one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’. The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole copy of the album from the US federal government for $4 million at the end of July this year, collected it in September and moved it to a vault at an undisclosed location in New York. The DAO....
The notorious Martin Shkreli made a few tweets saying he was supposedly scammed out of $15 million USD in Bitcoin for an exclusive copy of the new Kanye West album. After broadcasting he was going to purchase the record over his Twitter feed, he gave a shout out to Spotify, iTunes, and Pandora Radio to bid for the album at $25 million dollars. Bitcoin....
A Decentralized Autonomous Organization, the PleasrDAO, is in possession of “Once Upon A Time In Shaolin’s” only copy. Did the one-of-a-kind Wu-Tang Clan album finally find a rightful owner? The PleasrDAO tried to buy it using cryptocurrencies. The US government required dollars, so an intermediary stepped in, assumed the risk, and brokered the deal. This […]