PleasrDAO, however, is hoping that the two masterminds behind Once Upon A Time In Shaolin, RZA and dutch producer Cilvaringz, are willing to be flexible and allow the album to be played through listening parties or gallery-style exhibitions. (The album was originally sold to Shkreli in 2015 for $2 million). The question that remains: when will the world get to listen to the album? The original agreement, which was between RZA and “pharma bro” Martin Shkreli, said the album couldn’t be released commercially for 88 years - so basically until 2103. And one of the benefits of owning a piece of the album - even as an NFT - is that they can all listen to any of the 31 tracks on Once Upon A Time In Shaolin and look at the snazzy packaging. Making things more interesting is the fact that PleasrDAO turned the ownership deed of the album into an NFT and the 74 members who make up the company share ownership of the NFT deed.
In fact, Johnson made the comparison to non fungible tokens, saying, “The album itself is kind of the OG NFT.” It’s an interesting move for a crypto company to make, but according to PleasrDAO’s Jamis Johnson the move aligns with the company’s ethos of acquiring one-of-one of (mostly digital) items. They are holding the album in a vault in New York City somewhere. PleasrDAO bought the album for $4 million and took possession on September 10th. That changed on Wednesday, October 20th, when it was revealed by the New York Times that a cryptocurrency collective known as PleasrDAO bought the album.
The company is trying to find a way for the public to hear to it.īack in July, the Brooklyn US Attorney’s Office announced t hat they sold t he one-of-a-kind Wu-Tang Clan album, Once Upon A Time In Shaolin.Īt the time, the buyer and how much that person (or company) paid for the album was not revealed.
Crypto company PleasrDAO bought Once Upon A Time In Shaolin for $4 million.