A Tribe Called Quest Pours Cold Water to Story of Them Selling Song Royalties as NFT
Music
Calling out Billboard reporters for their misleading headline about the sale, co-founder Ali Shaheed Muhammad deems it a clickbait to drive traffic to their site.
Jul 6, 2021
Ali Shaheed Muhammad has shut down reports suggesting the hip-hop icons have sold off royalties for their first five albums as an NFT (non-fungible token).
Recent reports suggested the stars had partnered with officials at Royalties Exchange to cash in on the digital collectibles craze, offering up a 1.5 per cent share of their earnings from projects including 1991's "The Low End Theory", 1993's "Midnight Marauders", and 1996's "Beats", "Rhymes and Life", to the highest bidder.