NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    News

    Home » News » Court Rules in Jay-Z’s favor over NFT Battle with Damon Dash

    Court Rules in Jay-Z’s favor over NFT Battle with Damon Dash

    By TheoJune 23, 2021Updated:September 21, 20223 Mins Read

    The NFT legal saga continues. The court reportedly ruled in Jay-Z and Roc-A-Fella’s favor. To be exact, the federal judge prohibited Damon Dash from selling the Reasonable Doubt NFT Album. Similarly, any planned auction must be halted. 

    Jay-Z and Damon Dash locked in a lawsuit over debut album from 21 years ago Credit: Coinscreed

    Jay-Z = 1; Damon = 0

    The ruling is only temporary. However, according to TMZ, a source claims that the New York federal judge said that Jay-z and Roc-A-Fella’s arguments were “deemed credible and correct.” Judge John P. Cronan of the New York District Court resolved to freeze the transaction and prevent Dash from selling the album’s copyright until after a July 1 hearing.

    Album Cover of Jay-Z Debut Album Caption: The Factory Times

    Specifically, the court granted Atty. Alex Spiro’s requests: “The bottom line is simple: Dash can’t sell what he doesn’t own. By attempting such a sale, Dash has converted a corporate asset and has breached his fiduciary duties. His planned auction of Reasonable Doubt would result in irreparable harm. The Court should stop Dash from attempting to sell the copyright to Reasonable Doubt, require Dash to return the NFT of Reasonable Doubt to RAF, Inc., and hold him accountable for this brazen theft of RAF, Inc.’s most prized asset.”

    The lawsuit is expected to heat up once Dash submits his response to the temporary restraining order. The NFT Marketplace, SuperFarm, is not part of the lawsuit but has a crucial role in this narrative. This case is a test of how NFT Marketplaces will handle disputes over copyrights and IP. Additionally, this is the first high-profile NFT case in the industry so it is expected to set a precedent for future cases.

    Dash laments,  “So there’s been no announcement, it’s not minted, none of that. No auction was shut down; you never heard of an announcement. You know this game. They did it on a Friday so it could just run the whole weekend to devalue my auction… It’s not fair to accuse somebody of being a thief publicly that’s not.”

    More about the Lawsuit

    Jay-Z’s debut album received widespread critical success. It also solidified the iconic hip-hop artists standing in the music industry. Undoubtedly, it is RAF’s most prized asset so we can expect that their camp will fight Damon Dash to the end. 

    This is a developing story. Four days ago, Jay-Z and Music Label Roc-A-Fellas filed a lawsuit against Damon Dash for attempting to auction off the “Reasonable Doubt” album as an NFT. Damon Dash hit back at them and claimed that he is not selling the album as an NFT. Instead, he is finding a new buyer for his stake at the music label. 

    The time has come for legal battles over NFTs. Along with that, the regulations will also be cleared up and it can inspire the confidence of potential NFT buyers. Beyond the he-said-she-said, this lawsuit can change a lot in the industry and shed some light on how to approach copyrights and IP issues.

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleCometh NFT Game Enjoys Traction Post-Polygon Launch
    Next Article World Series Champ Justin Turner Gifts MLB Fans Free NFTs
    Theo
    • LinkedIn

    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

    More great NFT Evening content:

    Coinbase NFT Pauses Creator Drops on its Marketplace

    February 3, 2023

    Steve Aoki x Stoopid Buddy Announce Web3 Stop-Motion Series

    February 2, 2023

    Crypto Companies Continue Layoffs, Downsizing way into Jan 2023

    February 2, 2023

    PROOF of Conference: Everything You Need To Know

    February 2, 2023

    Rug Radio PFP NFTs With Cory Van Lew Mint on Monday 6th

    February 2, 2023

    Warner Music Group Announces Rhythm City Experience in Roblox

    February 2, 2023

    Blur Integrates Seaport Protocol To Bypass OpenSea’s Blocklist

    February 2, 2023

    Cool Cats Announce New Strategic Direction and Rebrand

    February 1, 2023
    Latest NFT News

    Coinbase NFT Pauses Creator Drops on its Marketplace

    February 3, 2023

    Steve Aoki x Stoopid Buddy Announce Web3 Stop-Motion Series

    February 2, 2023

    Crypto Companies Continue Layoffs, Downsizing way into Jan 2023

    February 2, 2023

    PROOF of Conference: Everything You Need To Know

    February 2, 2023

    Rug Radio PFP NFTs With Cory Van Lew Mint on Monday 6th

    February 2, 2023

    Warner Music Group Announces Rhythm City Experience in Roblox

    February 2, 2023

    Blur Integrates Seaport Protocol To Bypass OpenSea’s Blocklist

    February 2, 2023

    Cool Cats Announce New Strategic Direction and Rebrand

    February 1, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.