It looks like the feud between Jay-Z and Damon Dash over the Reasonable Doubt NFT is coming to an end.
Reportedly, court documents suggest the pair are close to an agreement in their legal dispute in this NFT saga. Jay-Z first started legal proceedings against Dash in June last year. This dispute started after Damon Dash allegedly tried to mint Jay-Z’s Reasonable Doubt album as an NFT.
Now, it appears as though they have finally agreed on a settlement. “The parties are in the process of meeting and conferring to determine whether they can reach an agreement that would obviate the need for [Roc-A-Fella Records, Inc.] to file the motion [for a permanent injunction],” Jay-Z’s lawyer, Alex Spiro, informed the judge.
Jay-Z and Damon Dash co-founded the Roc-A-Fella record label in 1995, along with Kareem “Biggs” Burke. It was incredibly successful. They have a long history, and Damon Dash has been trying to sell his stake in the legendary record label. What’s more, he claims that this is the real reason for the lawsuit, not the Reasonable Doubt NFT.
Finally, the NFT music scene is growing rapidly, and it may help to revolutionise the industry. There are numerous NFT music platforms, and the market is expanding. Significantly, the focus of these NFT music platforms appears to be aimed at rewarding the artist first.
Hopefully, this leads to more financial rewards for their hard work, which would have gone to the record label executives in the past.