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A Tribe Called Quest's Ali Shaheed Muhammad says NFT of group's royalties sold without consent


Ali Shaheed Muhammad. Photo by Rachel Murray/Getty Images for Vulture Festival
 
Ali Shaheed Muhammad, one of the founding members of the pioneering hip-hop group A Tribe Called Quest, is speaking out against the sale of an NFT containing the rights to 1.5% of the royalties for their first five albums.
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Muhammad s statement came in response to
Billboard s initial report on the NFT. The token s creator, the music royalties portal Royalty Exchange, wrote in a press release before the sale that the NFT will enable its owner to collect sound recording royalties from the first five studio albums.
The release went on to claim that the NFT was created in partnership with A Tribe Called Quest, something Muhammad strongly denied in his July 4 statement noticed by Stereogum. No member of A Tribe Called Quest has entered into any partnership with Royalty Exchange, he wrote. PERIOD! ....

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A Tribe Called Quest Pours Cold Water to Story of Them Selling Song Royalties as NFT


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. ....

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