Listen up Apes/Slugs, I am double wrapped in military grade tinfoil tonight. Buckle up, you are about to go on a journey. Whether this is a Shitpost or DD is still unclear. Enjoy.
This DEFINITELY is not financial advice
60 days has come and gone since CNBC reported about the infamous Wu-Tang clan album “Once Upon A Time In Shaolin” (CNBC Article), and we still don’t know who the album’s mysterious buyer is. For those who don’t know this exclusive work of art was purchased by an unknown company for an undisclosed amount that settled the $7.4 million dollar forfeiture judgement stemming from Martin Shkreli’s securites fraud case.
Why hasn’t the Once Upon A Time In Shaolin buyer identified themselves as announced by their attorney
“is going to identify themselves in the future, I’d say in the next 30-60 days”, Peter Scoolidge
Well, as it turns out I think they may be dropping hints…
60 Days After the Announcement that the albums buyer would identify themselves
30 Days After the Announcement that the albums buyer would identify themselves
When I first saw these tweets I thought to myself, they seem like song lyrics, and I googled them to no avail. Last night it clicked…Maybe they ARE song lyrics, to an album so exclusive that only a handful of people in the world have ever heard it. And that only the new album’s owner would know.
Gamestop? No way, no way,….I mean maybe…Can’t be right? But even if true then why?
Now that you mention it, if I read the lines in those tweets as if they were coming out of say…I don’t know, Method Man’s mouth? Could I see it? Maybe.
So now you might think to yourself, I can see it, but its a bit of a stretch. Let me hit you with my answer to why.
“Once Upon A Time In Shaolin” would be the perfect creative masterpiece to mint into a locked content NFT dividend. Peter Scoolidge stated 2 things of note. 1.) “Anyone who buys this album is restricted. Nobody can commercially release it. Contrary to some early reports, it can’t be given away for free”. 2.) He stated that the buyer is an entity and not an individual.
Well technically if Gamestop bought it, then distributing to shareholders as a dividend wouldn’t be giving it away…technically shareholders bought it…it is theirs.
The album can’t be released to the public for free. Which is no problem for a locked content NFT dividend. The content will be unlocked in 88 years (the year 2103 according to the albums legal stipulations). No music would have to be released.
$7.4 million would be a small price to pay for a unique NFT dividend connected to an album that can’t be monetized until the year 2103 (For why this is important reference the Overstock Digital Dividend). Synthetically hedged shorts would have to pay this dividend but how would they be able to determine a cash equivalent value in the event that more shares were in circulation than actually exist. How much is the Wu-Tang album worth from a commercial standpoint right now…and for the next 88 years….$0.
(Edit for above: $7.4 million was the total amount of Shkreli’s judgement so the album could have been bought for less)
Gamestop is most certainly an entity and not an individual.
I also find it interesting the albums leather bound book of lyrics has 174 pages….those numbers look familiar to any apes lol. As well as the $7.4 million owed by Shkreli under the judgement.
Welcome to my psychotic TED talk
EDIT: I wrote this thing in a hurry not expecting much attention. I cleaned it up a bit.
In addition one other addition.
If Ryan Cohen negotiated to buy this album from Shkreli’s seized assets the process could have started in DC right?
RC DECIPHERED: WE’RE 100% GETTING WU TANG ALBUM
TLDR: Cohen dropping breadcrumbs from Arlington VA to Culver City CA to Florida. All roads point to Wu Tang.
Culver City, CA.
Home of MGM Studios:
PleasrDAO and unnamed sponsor showing off the goods
Looks a whole lot like Cohen’s hoodie… from the Culver City tweet…..
741 baby. 74 members for 1. Cohen.
For the skeptics:
This isn’t the first time he used a location and “thumbs up emoji” to tag an important location to the GameStop location he was at:
Interesting similarities so far…
It gets weirder..
Cohen quite literally taking a step outside of brick and mortar
On that same date GameStop’s lead NFT engineer tweeted this, during this time is when NFT staff was being moved to Miami to ramp up product development.. of probably something big.
MF is ready to deliver
Structure of how PleasrDAO acquired the Wu Tang Album:
See that lil guy top right?
Our mans Kagy was wilding before being told to pump the brakes a little
Snowden NFT was used in the swap/loan…interesting..
You mean the Snowden that tweeted about GameStop EXACTLY 365 days after Cohen’s letter to the board?
“But but but cream was hacked”
maybe, maybe not, maybe something else entirely..
Same hack date (article is a day late on reporting), Cohen tweets this:
Later that week Kagy tweets this:
(FLorida: Cohen Tweet / Flo Rida Game Time: Kagy)
Fucking GAME TIME BABY.
PleasrDAO stated they want it to accessible to the world, pending RZA approval.
I’d assume they show the world reluctant to the tech of NFTs the power of them.
Album cannot be monetized…legally.
BUT if they fractionalize it into an NFT and allow listening access via NFT verification it would slap the world in the face who say “theres no use case for NFTs”
Exclusive access to it, verified by immutable NFTs..while never even monetizing it!!
Issuing it as an NFT dividend would be a cherry on top.
CHEERS, WU TANG FOREVER.