Roc-a-Fella Records Sues Its Co-Founder Over an NFT

Jay-Z’s label Roc-A-Fella Records sues Damon Dash for making an NFT of rapper’s debut album

Owned by rapper and businessman Jay-Z, Roc-A-Fella Records sues one of its other co-founders Damon Dash. According to the lawsuit filed on June 18th, “Dash had planned to sell at…online auction on June 23, 2021, the copyright to Jay-Z’s debut album Reasonable Doubt.” Eventually, “Dash saw an opportunity in emerging NFT market.” Dash has planned to use Superfarm- “an online platform that mints and sells NFTs to the public.” Damon allegedly also has tried marketing the album “through another auction or some other means as soon as possible.”

Jay-Z’s debut ‘Reasonable Doubt’ was released in 1996. Recorded by Roc-A-Fella music label, they supposedly still hold all the rights for the disk. According to TMZ, court representatives had a similar opinion. “A source close to the case” informed the magazine that “the court ruled in favor of Roc-A-Fella Tuesday by ruling Damon’s prohibited from selling the NFT of Jay’s debut studio album.” However, “the ruling is only temporary.” Lots of things can still change, and more evidence is to come.

Be sure to check our article on Jay-Z making money moves with Don Perignon.

Nikita Serdiuk | IG: @nikitasrdk