The leading virtual currency brokerage facilitated the transaction leading to the transfer of ownership rights of the “Once Upon a Time in Shaolin” album to PleasrDAO.
Toronto, ON, Oct. 28, 2021 (GLOBE NEWSWIRE) — Secure Digital Markets, Canada’s leading virtual currency brokerage providing best-in-class service on spot execution, liquidity, and settlement, was a key party in the headline-making $4 million acquisition of the only existing copy of Wu-Tang Clan’s “Once Upon a Time in Shaolin” album as an NFT (Non-Fungible Token) by a group of collectors called PleasrDAO, represented by Chief Pleasing Officer, Jamis Johnson.
Secure Digital Markets
“Once Upon a time In Shaolin” is the most expensive album ever sold, with only one copy of the coveted rap album ever created. It had originally been sold to the notorious investor, entrepreneur and convicted pharma bad boy Martin Shkreli for $2 million at auction. Under the terms of the deal, the former owner was not allowed to release the album to the general public or make copies of it for 88 years. The album was then seized by the US government after Shkreli was found guilty of securities fraud in events unrelated to the purchase.
This album had remained locked up until recently. PleasrDAO, a Decentralized Autonomous Organization, announced the sale. Describing PleasrDAO as a “Willy Wonka factory of ideas,” Johnson has said that the organization would like to involve the public to a greater degree without infringing upon the original agreement terms.
Instrumental in this transaction, Secure Digital Markets alongside Six agency, which introduced the opportunity, is pleased to help the public learn more about the purchase of the most secretive album in history and the historic brokering of the NFT deal.
Secure Digital Markets enabled the lawful and secure purchase of the Wu-Tang Album to occur. To purchase the album, Secure Digital Markets assisted as a key counterparty in…
