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Binance and Grammy Awards announce official crypto partnership

According to a joint announcement on Thursday, Binance has become the first official crypto exchange partner of the 64th Annual Grammy Awards and Grammy Week events to deliver a wide range of solutions and experiences. Various Web3 technologies for organizational events and projects.

A major record company, best known for its annual Grammy music awards, has signed a partnership with Binance, the world’s largest cryptocurrency exchange by trading volume.

The partnership was announced just days before the 64th Grammy Awards, which will take place April 3 at the MGM Grand Garden Arena in Las Vegas.

Recording Academy Co-President Panos Panay stated, “As a leading exchange in the crypto and blockchain space, with a community focused approach, Binance is the perfect partner for GRAMMYs and for the mission. Our mission is to empower music makers around the world.”

According to Binance co-founder Yi He, the new partnership will enable the Recording Academy to respond to the changing needs of the community by providing fresh blockchain-based experiences and “all things amazing that Web3 technology can bring to the entertainment sector.”

Live from MGM Grand Garden Arena in Las Vegas, the 64th Annual GRAMMY Awards will be broadcast live on Sun, April 3, 2022, at 8 PM ET/5 PM on the CBS Television Network and will be available to stream live and on demand on Paramount+.

Mnet will exclusively broadcast the 64th Grammy Awards that will be held at the MGM Grand Garden Arena in Las Vegas. Mnet will broadcast the event live at 9 AM KST on April 4.

Many popular artists have been nominated including Justin Bieber, Doja Cat, Billie Eilish and more. Whether or not BTS will be awarded is also a matter of great interest. BTS, who has been nominated for two consecutive years, has been nominated for the Best POP DUO/GROUP PERFORMANCE category with “Butter”.

The Grammy Awards live broadcast will be hosted by Bae Chul Soo and music critic Im Jin Mo as well as interpreter Tae In Young.

This is the first time Binance has partnered with a music organization. They are still actively working with artists and musicians through the Binance NFT marketplace launched last year .

In early March, Binance CEO Changpeng Zhao announced that the exchange was planning to identify and invest in one or two targets in every economic sector and try to include them in crypto. The crypto giant previously invested $200 million in Forbes magazine with a mission to advance consumer understanding of cryptocurrencies and blockchain.