Let's hope this isn't another rap fairy tale. Hit the jump to see Hov talk to our boy Rob Markman about Act 2: The Patents Of Nobility. 

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Photo: MTV News

“Jay moved out to London,” said Just Blaze of the largely inactive wordsmith. “He's got a situation out there; he's doing good out there. I personally can't be out there; my life is here in the US. We've gotten back in the studio. We sat down, we chopped it up. But in terms of being heavily at work, we're not really.”

The two are still friendly, but Just's reluctance to go on a Jay Elec wild goose chase was apparent in the clip. “He'll call me and be like, ‘Yo, come to London' and I'm like ‘Dude, we made “Exhibit A” in an attic in Detroit.' I don't need to be in London, or at some exotic place in South Africa at some studio in the jungle with panthers outside my door.”

Warner Bros. signee XV got a major cosign from Just, and he's worked on a handful of records with the Kansas rhyme slinger. “This kid has the potential to be one of the next ones,” said Just confidently.

Always thinking ahead, Just Blaze has upcoming work with Rick Ross,  Canadian heartthrob Drake and he also mentioned a still unconfirmed remix project with an unnamed act the producer called the "biggest living Pop icon in the world right now."

Just Blaze, can you at least text Jay Electronica and let him know he's held his fans hostage long enough? At least bless us with 16 bars? Aren't we worth it?

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Photo: YouTube

Listen and download "Dear Moleskine," whose teaser video was released over two years ago, below. Spotted at 2DopeBoyz.

Download Here.

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Photo: FWMJ

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Photo: FWMJ

UPDATE: Jay Elect gives us the nay-no.

"I told Jay, 'You ain't getting that record til 2015.' Then he hit me and said, 'I got the record,' and I told him, 'You ain't releasing that record until 2015,'" he told The Champs' podcast with Neal Brennan (Chappelle's Show), Moshe Kasher and DJ Doggpound. "Jay, Shawn Carter, has the record and listens to it constantly and says its his favorite record of 2012. It has no singles on it though, but it's his favorite record," Quest explains.

Last week, Jay Electronica tweeted that the album was completed and was handing it over to his label, Roc Nation. We can all only wait with baited breath to hear the final product.
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Photos: Def Jam

"Dear Believers and Patient Supporters. Thank you for your patience and support," Electronica began in a tweet. "The Album will be turned in Tomorrow evening. The wait ends."

It was over a year ago when Jay-Z introduced Jay Electronica as a RocNation signee in a small concert/magic show in New York City. Since then, Jay Elect-Hanukkah has appeared in commercials for Mountain Dew, New Balance, and put out a grand total of one record entitled "Call Of Duty, (Modern Warfare)," featuring Mobb Deep.

The enigmatic MC also hinted at doing a collaborative EP with the Based God, Lil' B. "Thank You #BasedGod for the letters of encouragement," he began. "Lets get busy on this EP we spoke of." To which Lil' B responded in a tweet. "I understand, I will tell BasedWorld Records! Lil' B loves you and supports, the world is not ready."

The self-proclaimed magician has made many bold proclamations like this before. The usually reclusive MC has promised the sequel to Act 1: Eternal Sunshine (The Pledge) for almost two years now, with the only tracks confirmed on the album to be the Just Blaze-produced "Exhibit A" and"Exhibit C."

As talented as an MC that Jay is, we've heard this story before. Until the album drops, we will have to leave him with this.

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Photo: Mountain Dew

Jay Elec has always been a very mysterious artist, so it was very shocking to see him as part of this New Balance project. We'll have to wait and see if this project translates to new music for the Roc Nation MC. Check the profile.

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Photo: YouTube

The late producer will be celebrated on Feb. 10th at The Fillmore, in Detroit, which is schedule to feature Busta Rhymes, Danny Brown, Jay Electronica, and more.

During the reopening of the 40/40 Club in New York City, Hip-Hop Wired had the chance to speak briefly with Roc Nation heatmaker Jahlil Beats. Beats' claim to fame thus far has been the meteoric rise of Meek Mill's "I'ma Boss." The anthem is arguably the biggest club record today, which is what led to Jahlil inking a deal with Roc Nation in October.

Beats has continued to hustle, carving out hits for Red Cafe, Jim Jones, Diggy Simmons, Chris Brown, and more. When speaking to Jahlil about what he's been able to do thus far, he just humbly sites as "just a blessing, and [I'm] honestly happy to be here." The 23 year-old Chester, Pennsylvania product maintains a high level of humility due to basically coming from nothing, along with Meek Mill. The two have been working together long before Meek's deal with MMG, coming up together as well.

Aside from continuing to work with Meek in 2012, Jahlil told us that you'll see him involved in the projects of label mates, Willow Smith, J.Cole and Jay Electronica as well as Jay-Z's upcoming album. He also hopes to work with Kanye West very soon, with a recent trip to L.A. serving as a step in that direction. "Hopefully I can work with Kanye," he said. "I just left L.A. and was working on a few things with No I.D. so hopefully I can get some work in on the G.O.O.D. Music Compilation.

When asked what his plans are for this year, Beats replied, "My goal is to continue to be humble and work hard. I'm under that umbrella now, so I just have to go hard!" A tweet sent out earlier reaffirms his outlook on where he's come from, and where he's going.

It sounds like the "I'ma Boss" producer has a full plate ahead of him for the New Year. This is another testament to following your dreams, and believing in your abilities. Sky is the limit for Roc Nation's newest phenom.

The Ghost decided to go off on the instrumental to  Jay Electronica's "Exhibit B." The D-Block representative was in the lab with Just Blaze, and the two are preparing to release some of the work that they've cooked up soon. Peep the tweet.

Download Here