He pointed to Jay-ZвЂ™s declaration that Roc-A-Fella owned copyright. DashвЂ™s side has also commented about the dispute in the media where they said they really wanted to sell shares in Roc-A-Fella.Д¬ronan said Jay-ZвЂ™s record label was likely to prevail on merits. Alex Spiro, representing the record company, answered, вЂњA lot of it has to do with the uniqueness added to the unique industry.вЂќДash and his lawyers didnвЂ™t show up for hearing, but Spiro said they were served papers and had previously responded to a cease and desist. District Court Judge John Cronan asked why monetary damages wouldnвЂ™t suffice. The label was concerned Dash might still pursue a sale, so it asked the court to issue a temporary restraining order.Дuring a Tuesday morning hearing, U.S. Mystery Shrouds Sale of Beyonce, Jay-Z's Baroque New Orleans ChurchДЄn auction had been set for June 23-25, according to the complaint, but it was cancelled after Roc-A-Fella sent a warning letter to SuperFarm. This marks a new milestone in the history of NFTвЂ™s, entitling the new owner to future revenue generated by the unique asset.вЂќ While Dash has disputed that he was trying to sell rights in the album, according to the complaint, investor platform SuperFarm made this announcement: вЂњSuperFarm is proud to announce, in collaboration with Damon Dash, the auction of DamonвЂs ownership of the copyright to Jay-ZвЂ™s first album Reasonable Doubt.

NFTs, or non-fungible tokens, are effectively digital data that represents tangible items. The label sued its co-founder Damon Dash on June 18, alleging he was trying to sell virtual ownership of the вЂњReasonable DoubtвЂќ copyrights. Roc-A-Fella Records has convinced a New York federal judge Jay-ZвЂ™s first album shouldnвЂ™t be sold as an NFT, at least for the time being.

Jay-z reasonable doubt sales