Jay-z suing Dame Dash for attempting to sell Reasonable Doubt copyright as NFT

Rozay Oro

2 Peter 3:9 if you don’t know God
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Ineedmoney504

SOHH ICEY...WE EATIN
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SOHH ICEY N.O.
Dame owns the Reasonable Doubt master copy tho, fukk a record label Jay gone loose this one, if he doesn't it's only because Dame cant afford the right lawyers:francis: Oh and Rockerfella is a defunct label they sold it to Def Jam and dont have any ownership. Def Jam doesn't even use the imprint.
No he doesn’t. They all own it 3 ways. Dame just probably need the money and don’t care but also don’t wanna sell it to jay out of spite lol.
 
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Dame HAD to know that in no shape form or fashion was Jay going to allow this to happen…




So either Dame is just fukking with Jay for the hell of it or Dame is SUPER desperate for a cash infusion and just said “fukk it”.


That deal Jay offered Dame and Biggs for complete ownership of RD a few years ago probably looking like a GREAT idea now
 

SnowflakesByTheOZ

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Good ish I guess :manny:


I don't understand how this NFT thing works
Non Fungible Tokens

So basically let's say I'm an artist / painter and I drew a picture of a sunset and wanted to sell it. I'd go to an auction house and people would bid and I'd get paid off the sale. Cool.

NFT's is the exact same thing but just with digital stuff online.

So let's say I made a funny cat gif and for some reason people were willing to pay money to "own" this SnowflakesByTheOZ cat gif I can sell it as an NFT.

Now because it's a gif and it's on the internet anyone can just copy it or save image it and it would be pretty much like owning it.. which makes sense.

But NFT's have this thing call a digital signature which is embedded in it by the original creator.

So anyone can save and duplicate the cat gif but there's only one original one that I made.

So whoever buys it will have the original funny cat gif.

And the thing with NFT's is that with every sale of it the original creator gets a share of the sale

So let's say the person that I sold the gif to wants to sell it to someone else... I would get a cut of that. And then if that person sells it to someone else , I get a cut from that etc etc.
 
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Dame has too much pride to come and kiss his ring and rightfully so.
Jay cut him off too, it wasn't always peaches and cream.

In a 20 year friendship disagreement and separation will happen. All I know is when biggs was released from prison he came home in a helicopter and was apart of multiple businesses with Jay.
 
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