Grammys Announce NFTs Commemorating Musical Artists For Three Years

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More details on the NFT collection celebrating Grammy winners and nominees will be revealed in January 2022.

The NFTs will be inspired by the moments of the Grammy Awards, the winners and the nominees. (Photo: Recording Academy)

This year, non-fungible tokens (NFTs) have taken the world by storm. The latest to enter this crypto frenzy is the Grammy Awards, hosted by the US-based Recording Academy to recognize achievement in the music industry.

The Recording Academy has partnered with the NFT OneOf platform to make it easier to sell and buy NFT. Digital collectibles will be inspired by music industry award winners and nominees. These NFTs will mark the 64th, 65th and 66th editions of the awards.

An NFT is a digital asset that ties ownership to anything physical or digital, such as works of art, music, or videos. NFTs can be considered modern collectibles.

Panos A. Panay, Co-Chair of the Recording Academy, said in a statement: “As an Academy, we are always looking for ways to help artists discover new forms of creative expression, while creating new ideas. new ways to generate income and get fans to interact with the artists they love.

More details on the NFT collection celebrating Grammy winners and nominees will be revealed in January 2022. The Recording Academy in a public statement announced that a portion of NFT’s sales proceeds will go to its scholarship fund.

“NFTs will be released as collectibles and experiences celebrating the Grammy Awards, nominees and recipients, including tokens designed by world-renowned crypto artists using the iconic Grammy Award itself,” said an official press release from the Recording Academy.

Lin Dai, Adam Fell and Joshua James, in a statement, pointed out that NFTs will strengthen the music industry like few other technologies have ever done. Meanwhile, no leaked previews or teasers of NFTs have surfaced on social media.

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