Dame finds herself on the wrong side of a lawsuit brought by lawyers for the record company he helped found, XXL confirmed on Saturday (June 19). Label attorney Alex Spiro has filed a lawsuit accusing Dame of attempting to strike the critically acclaimed LP as NFT (non-fungible token) and auction it off for the best price. The lawsuit claims that Dame is not allowed to do so because the album is owned by Roc-A-Fella Records.
The court record claims that Dame has already set up an auction to sell the album which has since been canceled. Roc’s attorneys believe Dame will try to secure another platform to proceed with the sale. The documents allege that Jigga’s former best friend is “frantically looking for another place to make the sale.”
The lawsuit is asking the court to stop the sale of the NFT album and is also seeking Dame to return any NFTs from the album he has already minted.
XXL contacted Jay-Z’s team commentary.
Rappers recently capitalized on the NFT craze, which allows a seller to turn an item into a digital collectible with proof of authenticity and purchased through the blockchain. Although once friends and business partners, Dame and Jay’s relationship deteriorated in the mid-2000s, following Jigga’s sale of the label to Def Jam in 2004.
This is the second Jay-Z-related lawsuit to appear in recent days. Earlier this week it was revealed Hov is suing famous hip-hop photographer Jonathan Mannion for using photos involving the Reasonable doubt album cover.
Travis Scott, Kendrick Lamar, Juice Wrld, Pop Smoke and many more have taught us quite a bit along the way.