NFTs
Wu-Tang Clan’s Exclusive ‘Shaolin’ Album Now Available for $1
Distribution and future release
The sampler will be sold as NFTs and will be hosted on Base with distribution managed by Pleasr in partnership with Privy, Crossmint and Holograph.
PleasrDAO stated that additional songs from the album would be available as they worked with the original artists. The goal is to eventually release the full project, although contractual agreements prevent the full album’s public release until October 8, 2103.
Each sample purchase shortens the countdown to the full album release by 88 seconds. The album remains encrypted and tradable via the $ALBUM cryptocurrency until then.
The Album recounts a private listening session on March 2, 2015, where Wu-Tang ClanRZA and producer Cilvaringz presented the album to 150 guests, and this session was the only public screening of the album to date.
Previous ownership and legal disputes
“Once Upon a Time in Shaolin” was originally sold in 2015 to Martin Shkreli for $2 million, with conditions that restricted its commercial use for 88 years.
Shkreli’s attempt to auction the album on eBay in 2017 was halted following his conviction for securities fraud. The US government later auctioned the album to PleasrDAO in 2021 for US$4.75 million.
Recently, PleasrDAO filed a lawsuit against Shkreli, alleging that he withheld copies of the album and shared them publicly. A Brooklyn judge issued a temporary ban preventing Shkreli from broadcasting or distributing the album’s content.
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Blockchain enthusiast and long-time gamer.