NFT

Latin Grammy Awards signs three-year contract for award show NFTs


NFT

cointelegraph.com

04 October 2022 11:06, UTC

  

Studying time: ~2 m


This 12 months’s sixty fourth Latin Grammy Awards may have its first-ever nonfungible token (NFT) assortment after the Latin Recording Academy signed a three-year contract for award show-related NFTs.

The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Every assortment, which can lead as much as that 12 months’s award present, will embody drops highlighting Latin music.

In response to Manuel Abud, the CEO of the Latin Recording Academy, this can be a new type of musical innovation and a approach for followers to “personal a chunk of the Latin GRAMMYs.”

“The Latin Recording Academy is dedicated to exploring progressive, new methods to rejoice excellence in Latin music and to attach music to different artwork kinds in our tradition, together with visible and digital arts.”

The Latin Grammy Awards NFTs will drop all through October within the lead as much as the award present on Nov. 18.

Associated: Grammys 2022: NFTs scorching subject of debate amongst musicians and trade consultants

This comes after OneOf’s partnership with the Grammy Awards, wherein it additionally deliberate a three-year NFT launch plan. The primary assortment was launched coinciding with the sixty fourth Grammys, for which Binance was the official crypto alternate companion.

The Grammys should not the primary main award present with Web3 integrations. Earlier this 12 months the MTV Video Music Awards introduced its latest award class of “Finest Metaverse Efficiency.”

Moreover, music trade giants have been quickly adopting Web3 applied sciences to improve the enterprise. Sony Music filed a trademark software for NFT-authenticated music on Aug. 30 of this 12 months.

Musicians have been using the expertise to launch NFT singles or to enhance music rights and licensing. Furthermore, NFTs formally turned acknowledged as a chart-eligible format, with musicians comparable to Muse profiting from the event.


Subscribe to our mailing list to receive new updates and special offers

We don’t spam! Read our [link]privacy policy[/link] for more info.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
You have not selected any currencies to display