Damon Dash is suffering the loss from his effort to auction off Jay-Z’s “Reasonable Doubt” album as an NFT, but we believe Damon Dash has most likely not given up ever since Jay-Z won the lawsuit.
According to close sources, On Tuesday, the court ruled in favor of Roc-A-Fella (owned by Jay-Z) by ordering Damon Dash’s ban from auctioning the NFT of Jay’s debut studio album, as well as any other intended auctions he might have in the future.
Even though the ruling is temporary, the federal judge announced Jay-Z and Roc-A-Fella’s reasoning was “deemed credible and correct.” Based on that, we now know more filings are definitely coming in the future from Damon Dash’s side.
Originally, Jay-Z sued Damon Dash insisting he had zero rights to auction off “Reasonable Doubt” because the company owns it. Dash is also one of the cofounders of the company.
Jay-Z for the win
Jay-Z hired attorney Alex Spiro and claimed Damon was attempting to make dough off on the NFT craze, so they of course took him to court to prevent any future sales and make him turn over any NFTs he’d already minted.
However, Damon Dash states the lawsuit wasn’t going to blow his sprits down and explained he wasn’t just seeking to sell Jay’s album, but his whole stake in RAF. He affirmed Jay-Z backstabbed him with an offer to buy out his 1/3 stake in the company.
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