An NFT is a “nonfungible token” that is all unique by different metadata and identification codes. So what do these NFTs have to do with Roc-A-Fella Records? Damon Dash and Jay-Z have been in legal cases against each other, which has led to Dash wanting out of ownership. Jay-Z’s “Reasonable Doubt” album is being used as a way out for Dash as he plans on selling an NFT along with his third of the album and the older label Roc-A-Fella inc. According to sources, the auction has gone live as of today.
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Dash has named this NFT project “It’s the Roc” which is going to be used as a “certificate of ownership” of his third of the company and album. This auction is set at a starting price of $10 million and was originally set to take place in June. Dash tried to launch this auction in the middle of lawsuits, which led to Jay-Z suing him in an attempt to stop him from putting out the auction. Although Jay-Z has a new label, this is important to him because he is also trying to sell his portion of the famous album “Reasonable Doubt”. The judge ruled that Dash could sell his company stake but not his stake in the album. This has not stopped Dash as he still expects to go through with the auction.
Jay-Z is the topic of another conversation this week as Scarface spoke about an old beef between the billionaire business mogul and the equally as successful, Nas. Scarface revealed that on a collaboration project, Nas made a track that had a lot of diss lines towards Jay-Z and it resulted in him having to step in and tell him to rethink what he was saying.
— Okayplayer (@okayplayer) July 20, 2021
This is a shock to some people as many know these two notorious rappers today as very good friends. Hov has been consistent in the headlines after starting the year with selling Ace Of Spades to LVMH for an estimated $315 Million.