Bankless PleasrDAO Releases Secret Wu-Tang Album | Leighton Cusack & Matt Metkov
Jun 27, 2024
Leighton Cusack and Matt Metkov are key members of PleasrDAO, a pioneering group working to reshape art ownership in the digital age. They share the fascinating journey of acquiring the elusive Wu-Tang Clan album, originally created as a protest against music devaluation. The duo discusses the innovative concept of tokenizing music with NFTs, the shift away from traditional streaming, and how fans can become part-owners of this unique cultural artifact. Their insights reveal exciting new paths for artists and listeners alike in the evolving music landscape.
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Wu-Tang Clan's Protest Album
- The Wu-Tang Clan created a one-of-a-kind album, "Once Upon a Time in Shaolin," to protest music’s devaluation in the digital age.
- Martin Shkreli bought it but later forfeited it due to a fraud conviction.
Album's Unique Value Proposition
- This album is unique because it exists as a physical one-of-one, but also represents fine art.
- It highlights the disparity in value between physical art like a Monet and culturally significant music.
NFTs and Music
- NFTs promised new monetization models for artists, but haven't fully delivered.
- This Wu-Tang album tokenization demonstrates a potential path for artists to regain value.