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Martin Shkreli’s claim he forfeited all copies of Wu-Tang album ‘dubious,’ says PleasrDAO

PleasrDAO claims Martin Shkreli hasn’t handed over all existing copies of a one-of-one Wu-Tang album, alleging he publicly boasted about giving copies to “like, 50 different chicks.”

The crypto group suing Martin Shkreli for allegedly decreasing the value of a one-off Wu-Tang Clan album by retaining copies has asked a judge for a more comprehensive search of his effects, claiming he hasn’t “fully” complied with a court order. 

PleasrDAO — the group who owns the only physical copy of Wu-Tang’s Once Upon a Time in Shaolin — said in a Sept. 6 letter to a New York federal court that Shkreli’s claims that he handed over all existing copies of the album were “dubious” and requested he be ordered to undertake a deeper search and forfeiture. 

Shkreli submitted a sworn declaration on Aug. 26 saying he’d found 15 files with copies of the album saved on Microsoft One Drive after the court ordered him to hand over all copies and affirm he didn’t have any duplicates of the album.

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Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Martin Shkreli’s claim he forfeited all copies of Wu-Tang album ‘dubious,’ says PleasrDAO

PleasrDAO claims Martin Shkreli hasn’t handed over all existing copies of a one-of-one Wu-Tang album, alleging he publicly boasted about giving copies to “like, 50 different chicks.”

The crypto group suing Martin Shkreli for allegedly decreasing the value of a one-off Wu-Tang Clan album by retaining copies has asked a judge for a more comprehensive search of his effects, claiming he hasn’t “fully” complied with a court order. 

PleasrDAO — the group who owns the only physical copy of Wu-Tang’s Once Upon a Time in Shaolin — said in a Sept. 6 letter to a New York federal court that Shkreli’s claims that he handed over all existing copies of the album were “dubious” and requested he be ordered to undertake a deeper search and forfeiture. 

Shkreli submitted a sworn declaration on Aug. 26 saying he’d found a total of 15 files with copies of the album which had been saved on Microsoft One drive after the court ordered he hand over all copies and affirm he no didn’t have any duplicates of the album.

Read more

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

The ‘Growth Collection’ — Ross Ulbricht to Auction Bitcoin-Backed NFTs on Satoshi’s Birthday

The ‘Growth Collection’ — Ross Ulbricht to Auction Bitcoin-Backed NFTs on Satoshi’s BirthdayFollowing Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8. Ross Ulbricht Is […]

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction

Ross Ulbricht NFT Collection Raises Over  Million in Ethereum, Free Ross DAO Wins AuctionThe Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized Autonomous Organization Wins Ross Ulbricht’s NFT Auction, DAO Plans to […]

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids

Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum BidsTwo days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million. Additionally the project […]

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective

Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art CollectiveAfter fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for […]

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

PleasrDAO adds $4M ‘OG NFT’ Wu-Tang Clan album to its collection

‘Once Upon a Time in Shaolin’ has been dubbed the OG NFT and now PleasrDAO has turned the title deed to the work into a real NFT.

PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan's one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’.

The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole copy of the album from the US federal government for $4 million at the end of July this year, collected it in September and moved it to a vault at an undisclosed location in New York. The DAO has minted the ownership deed as an NFT with the help of crypto savvy attorney Peter Scoolidge.

A collective of DeFi leaders, early NFT collectors and digital artists, PleasrDAO is well known for tokenizing the original Doge meme and purchasing Edward Snowden’s ‘Stay Free’ artwork for 2,224 ETH.

The government came to possess the album in 2018 after seizing the assets of former owner ‘Pharma Bro’ Martin Shkreli on fraud charges. Shkreli, who was widely reviled for jacking up the prices of life-saving drugs by up to 5000%, had anonymously purchased the album in 2015 for $2 million, making it the most expensive piece of music ever sold at the time.

The lead of the Wu-Tang Clan RZA and album producer Cilvaringz originally created the album in response to their concerns that piracy and digital streaming cheapens the value of music.

Cilvaringz says they hoped that the album would “return music to the value of fine art— a mission finally possible in today’s environment, nearly a decade later with NFT technology and the ability to mint this album as a unique 1:1 original.”

For this reason, PleasrDAO’s interest in the album is self-explanatory, wrote ‘Chief Pleasing Officer’ Jamis Johnson in a blog post.

"Once Upon a Time in Shaolin in many ways is the OG NFT before NFT technology had made its way into the zeitgeist".

Related: Original $4M Doge NFT meme auctioned off in 17 billion pieces

As for the future of the album, Johnson says PleasrDAO believes the “next chapter of the incredible story of this album should be Web 3.0 native”.

The DAO is still bound by a legal agreement underpinning the album which prevents it from being commercially released until 2103, although listening parties are allowed. Despite this, the group insists they “firmly believe there are ways to share this musical masterpiece with the world.”

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Doge meme hits $220M valuation, as Sotheby’s Bored Apes auction is tipped to fetch $18M

After a successful fractionalization into $DOG Tokens, the total implied value of the Original Doge meme NFT has gone through the roof.

The original Doge meme NFT has soared to a valuation of around $220 million following its successful fractionalized token sale this week.

Ludicrously high prices for in demand NFTs are the flavor of the week, with Sotheby’s new Bored Ape Yacht Club NFT auction predicted to fetch up to $18 million.

Earlier this week Doge meme owners PleasrDAO fractionalized the NFT into 17 billion ERC-20 tokens named $DOG, and auctioned off 20% of them on SushiSwap-owned Miso on Sept. 1.

The $DOG tokens snapped up in the auction can now be traded via decentralized exchanges such as SushiSwap and Uniswap. The auction generated 11,942 Wrapped Ethereum (WETH) worth around $44.6 million from a total of 1,769 buyers.

Given the total supply of $DOG tokens —  which are priced at 0.0000035186 WETH ($0.013 USD) at the time of publication — the nominal value of the Doge NFT is now around $220 million.

But some say that's an underestimate. According fractionalized token platform Fractional, the implied value of the $DOG NFTs is a whopping $398 million. The firm hasn’t specified how that figure was calculated.

Whether $220 million or $398 million, it’s a stunning return for a picture of a dog bought for just 1696.9 Ether, worth $4 million, back in June.

PleasrDAO has said 55% of the remaining tokens will be maintained by the DAO and the other 25% will go into a fund that will support projects in the $DOG community.

Related: Dogecoin Foundation demands copycat meme coin ‘Dogecoin 2.0’ change its name

Apes are not a bore for Sotheby’s

Meanwhile Sotheby’s is currently hosting an auction of 107 Bored Ape Yacht Club NFTs that is expected to fetch between $12 million to $18 million.

The 107 NFTs have been bundled into one collection and put up for sale by the project’s creators Yuga Labs, who are also auctioning off a bundle of 101 Bored Ape Kennel Club NFTs that is expected to pull in between $1.5 million to $2 million.

Yuga Labs auction: Sotheby's

Bidding for the Bored Ape Yacht Club collection had reached $4.5 million at the time of publication, and the auction is set to close on Sept. 10. Bidding for the Kennel Club NFTs hit $480,000.

The Bored Ape Yacht Club NFTs have become widely popular of late, and Cointelegraph reported on Sept. 2 that NBA star Stephen Curry joined in on the action by snapping up one of the NFTs for 55 ETH, worth roughly $207,000 at the time of writing.

According to data from CryptoSlam, the Bored Ape NFTs generated a record $295 million worth of sales on secondary markets in August. Despite it only being the beginning of September, the NFTs have already reached $10 million worth of secondary sales so far.

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

Fractionalizing the Doge NFT, Cryptopunk 543 Gets Chopped and Sold for $1 per Share

Fractionalizing the Doge NFT,  Cryptopunk 543 Gets Chopped and Sold for  per ShareThis week a project called Pleasrdao announced that a notable Doge non-fungible token (NFT) that sold in June 2021 for 1,696.9 ether or over $3.6 million at the time of sale, will be fractionalized. At the time of sale, the Doge NFT was a historic sale and the NFT’s owner wants others to enjoy the […]

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets