Grammy Awards To Launch Blockchain-Based Tezos NFT: A Pedal For XTZ To Get Back In The Race

The NFT discipline is definitely a single of the most vital trends in today’s industry that any organization or personal are not able to quickly disregard. The prestigious Grammy Award is the hottest representative to fill the prolonged listing to enter the NFT room.

The National Recording Academy will join A singleOf, an NFT marketplace run by legendary record producer Quincy Jones, solely to launch collections of Grammy Awards-targeted NFT commemorative episodes in excess of the upcoming 3 many years.

Details on unique NFT collections will be announced in January 2022. The NFT will honor each the award itself and its nominees and recipients. A portion of the proceeds from the sale of NFT will be employed to finance the Recording Academy’s scholarship fund. Panos Panay, Co-President of the Recording Academy, stated:

“We are usually seeking for means to assist artists uncover new types of inventive expression, though making means for supporters to interact with the artists they really like. A singleOf shares this vision and we are proud to perform with a sustainable NFT business like A singleOf. “

A singleOf launched in August and the platform has hosted earlier Doja Cat NFTs, The Game, iHeartRadio Music Festival, and Alesso. In June of this 12 months, NFTs have been also launched in the type of collectibles, artwork and experiences from famed artists this kind of as Whitney Houston, TLC and G-Eazy. Based on the Tezos (XTZ) blockchain, A singleOf raised $ 63 million prior to its launch.

Of program, this is also a excellent chance for Tezos (XTZ) to return to the NFT racing as the heat of the metaverse fueled by the Facebook company’s identify alter to Meta has assisted direct rivals. with XTZ this kind of as Decentraland (MANA) or The Sandbox (SAND) constantly set ATH in the previous time.

Synthetic Currency 68

Maybe you are interested: