Finance

PleasrDAO Disputes Martin Shkreli's Compliance Over Exclusive Wu-Tang Album

Published September 9, 2024

Controversy surrounds the unique one-of-one Wu-Tang Clan album, 'Once Upon a Time in Shaolin' as PleasrDAO, the current holder of the album, disputes Martin Shkreli's claim regarding its exclusive ownership. Shkreli, a former hedge fund manager and convicted felon, had previously won the album at an auction before his conviction. There is a current disagreement about whether he has retained additional copies of the album against the terms of the original purchase.

Dispute Over Exclusive Copies

PleasrDAO, a blockchain collective known for investing in digital art and culture, alleges that Shkreli may still possess unauthorized copies of the album. Shkreli, who once led the pharmaceutical company TURINGPHARMA, had publicly bragged, implying that he had made and distributed about 50 copies of the album to various acquaintances. This goes against the spirit of the album's exclusivity which was a core condition of the unique item's initial sale.

The Value of Rarity

The Wu-Tang Clan and their production of 'Once Upon a Time in Shaolin' have tested the bounds of music and proprietary rights, creating just a single copy of the album to be sold to the highest bidder. The exclusivity of this album was intended to highlight the value of music as an art form, making it a sought-after commodity in both the music and collector communities.

While there has been no conclusive evidence to ascertain the veracity of Shkreli's claims, the doubts raised by PleasrDAO bring attention to the potential breach of contract. The outcome of this dispute may hold implications for the collector's world and could set a precedent for future sales of exclusive content in the era of digital art and ownership.

Wu-Tang, Shkreli, PleasrDAO