The Grammy Prizes are one of the most renowned and sought-after awards in history, and the team behind the awards is now entering the NFT space.
Grammy Awards: The Music Industry’s Gold Standard
Few honors are more famous and revered than the Grammy Awards; for decades, it has served as the pinnacle of achievement for music professionals not only in the United States, but around the world. The Grammy brand is one that most individuals in the music industry want to be connected with, and it’s easy to see why.
We frequently hear performers described in terms of their Grammy wins or nominations. For example, artist XYZ is a Grammy-nominated producer with Irish ancestors; this description isn’t unusual.
The Grammy Awards have been a hive of creativity for decades, and at numerous moments throughout history, they have reshaped the music world. To be sure, the Grammy Awards have had their share of flaws and controversies throughout its existence. Nonetheless, this post focuses on how the Grammy Awards are doing something positive by assisting emerging musicians with its freshly established NFT collection.
NFT Collection by Grammy
On Monday, March 7, 2022, the collection officially debuted, with one free NFT available to all interested fans. One lucky fan will win a “golden ticket NFT,” which includes all-inclusive travel support for two individuals to attend the 64th Annual Grammy Awards on Sunday, 3 April 2022, in Las Vegas, USA.
The collections will highlight sparkling works by young artists achieving incredible things in the art and NFT areas from the debut of the free NFTs through the 64th Grammy Awards. Three more collections will be released during March, and it’s great to see that the artists involved in this NFT project come from a variety of backgrounds.
The initial collection will be available for a week and will include free NFTs for everyone who are interested as well as the coveted “golden ticket.” The Emonee Collection by Emonee LaRussa will be the next collection to launch on March 15th, and it will also have a week dedicated to it.
On March 22nd, we can expect another amazing collection, and this time Andre Oshea will release The Andre Collection, which will run for a week like the others. ThankYouX Collection is the final collection planned, and it will debut on March 29th and run until the big day.
Web3 has the potential to be green.
OneOf is a “green” Web3 company focused on sports and music. Given that this platform was created particularly to produce an environmentally sustainable, fan-friendly, and artist-friendly experience, it’s easy to see why they’re in high demand.
Because OneOf is based on the Tezos blockchain protocol, minting an NFT using OneOf consumes about 2 million times less energy than traditional proof-of-work networks. The Recording Academy and OneOf’s collaboration was formalized in 2021, and following NFTs will be published to mark the 65th and 66th Grammy Awards, which are planned to take place in 2023 and 2024, respectively.