#304: The Most Expensive Album Ever is on Sale for $1
The most expensive album ever is on sale for $1 by mishaderidder.eth13093 🥝 • 2y • 0 views • 0 clicks | |
AI summary of the linked articlePleasrDAO announced, as part of Base's Onchain Summer campaign, that it is bringing Wu-Tang Clan's album Once Upon a Time in Shaolin onchain. The album, recorded in secret over six years with one physical copy made in 2014, was bought by PleasrDAO from the US DOJ in July 2021 for $4 million after Martin Shkreli had won its 2015 auction at $2 million. The digital version is encrypted and sold as $1 NFTs, and each purchase moves the 2103 decryption date up by 88 seconds. The article estimates about 28 million NFTs would be needed to decrypt the album immediately. | |
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 As I followed the history of this album since the Shkreli drama, I minted right away. The idea of letting fans vote with their money to listen to the album faster is very intriguing. I see a lot of potential here, as most die-hard fans would have a high willingness to pay to listen to their favorite artists' work. Plus it's a collectible + a real utility, compared to traditional music NFTs. | |
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