An ICO Has Just Been Launched For a Wu-Tang Coin Because Why Not
So we're going to assume this bit of news won't do anything to change their minds: An ICO was launched on Monday for the Wu-Tang Coin, as Bloomberg reports, with the goal of raising between $3 million to $4 million. The purpose of the ICO is to buy and publicly release Once Upon a Time in Shaolin (pictured), the one-of-a kind album recorded by New York City hip-hop legends Wu-Tang Clan that was purchased by convicted fraudster Martin Shkreli for $2 million.
The coin offering was launched by Rare Music LTD, "whose mission is to release rare and one-of-a-kind music items to the public," according to its white paper for the Wu-Tang Coin.
Shkreli recently placed Once Upon a Time in Shaolin up for sale on Ebay, with bids starting at $100,000. According to his ad on Ebay, the album purportedly sold for just over $1 million.
Shkreli is currently jailed for placing a bounty on Hillary Clinton's hair. He is also awaiting sentencing for his fraud conviction.
Photo: Wu-Tang Coin