The album's executive production was provided by Danger Mouse, mentor ASAP Yams and Rocky himself, featuring production by Rocky and Danger Mouse, as well as a variety of several high-profile producers, including co-executive producers Hector Delgado and Juicy J, Jim Jonsin, FnZ, Frans Mernick, Kanye West, Thelonious Martin, and Mark Ronson, among others.

The album features guest appearances from Bones, Joe Fox, Future, Schoolboy Q, Kanye West, Lil Wayne, and A-Cyde, among others.

On March 16, 2014, announcements were made for two releases; including their first instrumental mixtape, Beauty and the Beast: Slowed Down Sessions (Chapter 1), and the ASAP Mob's collaborative album, L.O.R.D.

[5] On October 2, 2014, Rocky announced that he signed a contract for worldwide representation with William Morris Endeavor.

[7] Upon ASAP Yams' death, Rocky revealed that his second album would be executive produced by himself and Yams, alongside rapper Juicy J, and record producer Danger Mouse;[8][9][10] as well as collaborating with artists such as FKA Twigs and Lykke Li, with production by Clams Casino.

"[12][13] Upon the release of the song "M's" (stylized "M'$"), Rocky revealed that he had also worked with New York City rapper Mos Def, as well as up-and-coming British musician Joe Fox (who is prominently featured on many tracks on the album).

[6] On October 3, Rocky released the album's promotional single, "Multiply" featuring Memphis-based rapper Juicy J.

The song was accompanying by the music video (directed by ASAP Rocky and Shomi Patwary), which was officially released at midnight on the website, which had previously displayed a countdown timer.

[24][25] Rocky later tweeted to announce that the album had to be released at midnight, advancing the date to a week early.

[24][25] The album was released to digital retailers on May 26, 2015, by ASAP Worldwide, Polo Grounds Music and RCA Records.

[27] On January 7, 2015, ASAP Rocky released the album's lead single, titled "Lord Pretty Flacko Jodye 2 (LPFJ2)".

[34] In The Daily Telegraph, Neil McCormick called it a "big, bold, madly ambitious album" on which Rocky "made a frequently dazzling spectacle, another reminder that hip hop is currently setting the bar very high indeed".

[3] Jon Caramanica of The New York Times said the rapper "doesn't absorb and repurpose his guests' styles.

He's fully formed, a rapper who understands his talent in relation to that of his peers and that of his influences, unafraid of showing you his blueprint".

[44] Alex Denney of NME said, "Playground misogyny aside, ALLA is a thrillingly focused follow-up that betrays its anxieties even as it mostly makes do with extolling the virtues of vice".

[40] Jon Dolan from Rolling Stone credited the producers for sustaining the album's "expensive vibe" with "a sound that's at once tough and transporting — from the gospel-steeped 'Holy Ghost' to the interplanetary ass-shaker 'Electric Body' to the Rod Stewart-sampling soul fantasia 'Everyday' (featuring Miguel).

Even at his trippiest, Rocky makes sure things never swirl off in a haze of incense and peppermints, with steely lyrics that often focus on inescapable truths".

[42] Ben Thomas of The Guardian said, "Some might call it retrograde in the year of To Pimp a Butterfly, but rap is big enough to contain multitudes – including self-regard when it's this perfectly delivered".

[38] Rebecca Haithcoat was less impressed in Spin, highlighting the upbeat production of "LSD", "Excuse Me", and "Westside Highway", but finding the rest of the record often "despondent".

[45] Mojo reviewer Andy Cowan gave it a lukewarm assessment, writing that while "there are few lyrical miracles in these scattershot songs obsessed with sex, drugs and shopping, in this intuitive stylist's mouth the words themselves are often beside the point".

[39] Brooklyn Russell of Pretty Much Amazing said, "Even if we were to give ALLA's abysmal lyrics a pass, the production doesn't help, either....

ASAP debuted at number one on the US Billboard 200 with 146,000 album-equivalent units, of which 117,000 were pure album sales.

[60] As of April 2018, the album has been certified platinum by the Recording Industry Association of America (RIAA) for achieving over a million album-equivalent units.