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NFT collector group buys only copy of Wu-Tang Clan album Once Upon a Time in Shaolin
- PleasrDAO’s, which paid US$4 million for the 31-track album, now hopes to share it with the public
- The one-of-a-kind album was previously owned by disgraced pharmaceutical executive Martin Shkreli
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A group of NFT collectors has paid US$4 million to purchase the only copy of a one-of-a-kind album by the rap group Wu-Tang Clan.
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A non-fungible token (NFT) is a digital object – a drawing, animation, piece of music, photo, or video – with a certificate of authenticity created by blockchain technology.
The album was previously owned by Martin Shkreli, a disgraced executive sentenced to prison for fraud, and sold at auction in July as part of a deal to settle his debt to the US government.
The buyer was kept secret until this week, when PleasrDAO, a group of New York NFT collectors, announced it had bought the only copy of Once Upon a Time in Shaolin.
According to US media reports earlier this week, retweeted by PleasrDAO’s Twitter account, the group paid US$4 million for the two-disc, 31-track album.
They are known among NFT collectors for having acquired digital works by US whistle-blower Edward Snowden and the Russian dissident feminist punk band Pussy Riot.
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