HomeTech NewsGrammys to Honor Music Biggies with Yearly NFT Collection

Grammys to Honor Music Biggies with Yearly NFT Collection


Mordenising the method with a crypto-twist, the Grammy Awards have introduced three yearly sequence of non-fungible tokens (NFTs). These digital collectibles can be impressed by award winners and nominees from the music trade. These NFTs will mark the sixty fourth, sixty fifth, and 66th editions of the awards. The Grammys have partnered NFT platform OneOff for 3 years to facilitate the NFT sale and buy.

The award physique, parented by the California, US-based Recording Academy, introduced the event on Twitter whereas revealing particulars of its new partnership with OneOff. The NFT platform is constructed on the energy-saving Tezos blockchain and bridges the hole between music followers and their favorite artists.

The responses across the put up are brimming with pleasure from NFT lovers.

“The NFTs can be launched as collectibles and experiences celebrating the Grammy Awards, nominees and recipients, together with tokens designed by world-famous crypto artists utilizing the long-lasting Grammy Award itself,” an official assertion from the Recording Academy stated.

With out revealing any monetary particulars, the Grammys have additionally revealed {that a} portion of the NFT proceeds can be deposited within the scholarship fund of the Recording Academy.

Commenting on its partnership with the Grammys, the founding members of OneOf stated, “if used to their full potential, NFTs will empower the music trade in a manner few different applied sciences ever have”.

As of now, no leaked glimpses or teasers of the NFTs have surfaced on social media.

In the meantime, a number of different manufacturers are additionally getting into into the NFT house after the gross sales quantity of those digital collectibles surged to $10.7 billion (roughly Rs. 79,820 crore) earlier final month, a report by DappRadar stated.

Not too long ago, McDonald’s additionally introduced a 10-piece restricted version NFT assortment celebrating the fortieth anniversary of its McRib sandwich.


Eager about cryptocurrency? We focus on all issues crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Devices 360 podcast. Orbital is out there on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.





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