- The Recording Academy has struck a multi-year deal with music NFT platform OneOf for digital collectibles and experiences celebrating Grammy winners and nominees
- OneOf, who raised over $60m earlier this year, is built on the energy-efficient Tezos blockchain.
Los Angeles, November 1, 2021: The Recording Academy and the Grammy Awards today announced, in partnership with music NFT platform OneOf, that NFTs on Tezos are coming to the music industry’s biggest awards. The Academy cited the sustainable approach OneOf has pursued with its NFTs by building on the energy-efficient Tezos blockchain. Details on the collection, which will include digital collectibles and experiences celebrating Grammy winners and nominees, will be unveiled in January and a portion of the proceeds from the NFT sales will go to its scholarship fund.
The Grammy Awards will release NFTs on Tezos for the 64th, 65th and 66th Annual Grammy Awards. This groundbreaking partnership for OneOf will build on previous partnerships with the iHeartRadio Music Festival as its official collectibles partner. Notable artists including Doja Cat and The Game have released NFTs on the platform, with Alesso, Charlie Puth, H.E.R. and Jacob Collier have also signed on to release NFTs through OneOf.
“In considering a NFT partner, we were committed to working with a like-minded organization that had an artist-first approach and we have undoubtedly found that in OneOf. 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. OneOf shares that vision, and we are proud to work with a sustainable NFT company.” – Panos A. Panay, Co-President of the Recording Academy
OneOf is an environmentally friendly NFT platform designed specifically with the music industry in mind. The platform doesn’t charge its artist and creator partners any minting fees to create NFTs and, by building on Tezos, it uses 2 million times less energy than blockchain networks like Ethereum.
“If used to their full potential, NFTs will empower the music industry in a way few other technologies ever have. It is our great honor to work with this prestigious organization to help shepherd this bright future to the industry.” – Lin Dai, Co-Founder of OneOf
OneOf is a green NFT platform built for the music community to connect fans and collectors at all levels with their favorite artists.
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com.