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Wu-Tang Clan’s ‘Once Upon a Time in Shaolin’ Album Now A $1 NFT.

The infamous album ‘Once Upon A Time In Shaolin’ by Wu-Tang Clan has been turned into an NFT. The album’s owner, Pleasr is selling partial ownership of the album. The album, as noted in a press release, “has been digitized and encrypted” and made into a non-fungible token (NFT) that can be bought for $1 at thealbum.com.

Buyers who purchase the NFT will gain access to a five-minute album sampler created by the record’s co-producer, Cilvaringz. Each sale will also bump up the album’s original 2103 release date by 88 seconds — from its original decryption date of 8 October 2103.

Users will not need crypto to purchase the NFTs. According to PleasrDAO, proceeds from the sale “will go in part to the original Wu-Tang Clan, the album producer, and performing artists.”

Once Upon a Time In Shaolin was recorded in secret over six years before it was completed in 2015. Only one copy of the album was made, and it was sold at auction for $2 million to pharmaceuticals CEO Martin Shkreli. After Shkreli was convicted of securities fraud in 2018, the US government seized the album as part of a £5.3 million forfeiture order.

In 2021, PleasrDAO bought the album for $4 million and has been working to find ways to share it with the public. To complicate matters, the company recently filed a lawsuit against Shkreli for allegedly copying and distributing the album online without the group’s permission. Pleasr argued that Shkreli had live streamed parts of Once Upon a Time In Shaolin multiple times in violation of the initial sale contract, which stipulated that the album could not be commercially exploited until 2103.

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