{"id":1267,"date":"2021-10-22T14:30:00","date_gmt":"2021-10-22T14:30:00","guid":{"rendered":"https:\/\/dev.nysmusic.com\/2021\/2021\/10\/22\/owner-of-exclusive-wu-tang-clan-album-revealed\/"},"modified":"2021-10-22T14:30:00","modified_gmt":"2021-10-22T14:30:00","slug":"owner-of-exclusive-wu-tang-clan-album-revealed","status":"publish","type":"post","link":"https:\/\/dev.nysmusic.com\/2021\/2021\/10\/22\/owner-of-exclusive-wu-tang-clan-album-revealed\/","title":{"rendered":"Owner of Exclusive Wu Tang Clan Album Revealed"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The anonymous owners of the one-of-a-kind <a href=\"https:\/\/nysmusic.com\/site\/tag\/wu-tang-clan\">Wu Tang Clan<\/a> album have been revealed.&nbsp;<em>Once Upon a Time in Shaolin<\/em>&nbsp;&#8212; formerly owned by disgraced hedge fund manager and pharmaceutical executive, Martin Shkreli, before being convicted of securities fraud &#8212; was seized in 2018 and recently sold by the U.S. government&nbsp;as a part of a $7.4 million forfeiture judgement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After Shkreli was forced to sell the album, the original buyers were kept hidden from the public, with the sale being handled by NYC based lawyer, Peter Coolidge, who revealed that he has been one of the very few to listen to the project.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">It didn\u2019t disappoint at all. It was pretty reminiscent of the \u201890s stuff. The first album was really good. All the first solo albums were good, like,&nbsp;<em>Return to the 36 Chambers<\/em>,&nbsp;<em>Liquid Swords<\/em>,&nbsp;<em>Ironman<\/em>,&nbsp;<em>Only Built 4 Cuban Linx<\/em>,&nbsp;whatever,\u201d he said. \u201cAnd then they did some albums after that, that were perhaps not their best work. But this is like, up there with the best stuff.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Now, the new owners of the suis generis album have been revealed to be&nbsp;<a href=\"https:\/\/decrypt.co\/resources\/non-fungible-tokens-nfts-explained-guide-learn-blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">NFT<\/a>&nbsp;investment collective, PleasrDAO. The group revealed itself as the anonymous entity that purchased the album from the federal government in July for a reported $4 million.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"We Bought the Unreleased Wu-Tang Clan Album with Crypto \u2728\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/sC-35uHaMG8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">While Shkreli clashed with Wu Tang Clan almost immediately after purchasing the album, the new owners &#8212; who specialize in digitized art &#8212; may have more consumer-friendly plans in mind. While the album comes with a ton of contractual limitations (It can\u2019t be commercially released until 2103; it can\u2019t be remixed or recorded; and it can\u2019t be played in front of large audiences, streamed, or even broadcast online), PleasrDAO Chief Pleasing Officer, Jamis Johnson,&nbsp;revealed to&nbsp;<a href=\"https:\/\/www.rollingstone.com\/music\/music-features\/wu-tang-nft-album-once-upon-time-shaolin-1244859\/\">Rolling Stone<\/a>&nbsp;plans to&nbsp;&#8220;bring the album back to the people.&#8221; With plans to curate listening parties throughout the world  that will allow the general public a chance to hear the <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&nbsp;&nbsp;They bonded together to form a collective more powerful than any individual had on their own. Fuck these middlemen for taking all the money that should be going to the artists perfectly aligns with the ethos of crypto.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the limitations imposed on the album, PleasrDAO believe they have the same interests of the Clan, who began to encourage the album being made available on a wider scale as their&nbsp;<a href=\"https:\/\/pitchfork.com\/news\/63216-martin-shkreli-releases-insane-ghostface-killah-diss-video\/\">dissatisfaction with Shkreli grew<\/a>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/www.youtube.com\/watch?v=cbY74KvIYEw\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The anonymous owners of the one-of-a-kind Wu Tang Clan album have been revealed.&nbsp;Once Upon a Time in Shaolin&nbsp;&#8212; formerly owned by disgraced hedge fund manager and pharmaceutical executive, Martin Shkreli, before being convicted of securities fraud &#8212; was seized in 2018 and recently sold by the U.S. government&nbsp;as a part of a $7.4 million forfeiture [&hellip;]<\/p>\n","protected":false},"author":106,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":""},"categories":[2,31,68,14,6,462],"tags":[2632,448,3225,830],"class_list":["post-1267","post","type-post","status-publish","format-standard","hentry","category-genres","category-hip-hop-rap","category-news-desk","category-nyc-metro","category-regions","category-staten-island","tag-music-news","tag-news","tag-once-upon-a-time-in-shaolin","tag-wu-tang-clan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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