A Tribe Called Quest Denies Partnering With Royalty Exchange To Sell Albums As NFTs
A Tribe Called Quest says they never entered a partnership with Royalties Exchange for an NFT auction of their first five albums, something previously reported by Billboard, last week. The group’s co-founder, Ali Shaheed Muhammad called the reports “not Frigging True,” in a lengthy statement on Facebook.
“On June 29, 2021 Billboard wrote an article that stated ‘Royalty Exchange has partnered with A Tribe Called Quest to auction off 1.5% share of the sound recording royalties from the hip-hop group’s first five studio albums.’ At the time, Billboard knew those words were not true but worded the story in a way to gain clicks. They have now changed the article. Other ‘journalistic’ publications took the original newsfeed and ran with the misleading headline.”