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NFT Platform OneOf Signs 3-Year Deal With Grammys
OneOf will release NFTs on the Tezos blockchain for the 64th, 65th and 66th annual Grammy Awards.
The Grammy Awards has signed a three-year partnership deal with OneOf, a non-fungible token (NFT) platform based on the Tezos blockchain.
- The platform will release NFTs for the 64th, 65th and 66th annual Grammy Awards.
- OneOf is built on the Tezos blockchain and connects music fans and collectors with their favorite artists.
- The prestigious awards are presented by the Recording Academy and recognize talent in the music industry.
- The NFTs will include digital collectibles celebrating Grammy Award winners and nominees, with details revealed in January.
- “As an academy, we are always looking for ways to help artists discover new forms of creative expression, while also creating new ways of income generation and ways for fans to interact with the artists that they love,” said Panos Panay, co-president of the Recording Academy.
- Proceeds from the NFT sales will go to the academy’s scholarship fund.
- In June, McLaren Racing said it plans to build a NFT platform on the Tezos blockchain. The blockchain is seen as a green option because it uses a Proof-of-Stake system rather than the more energy demanding Proof-of-Work required of Ethereum.
Read more: Huobi Launches Its NFT Marketplace Trial
STORY CONTINUES BELOW
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
