There is no slowing down for the Tezos network as it grows remarkably. The Academy has partnered with the mentioned blockchain network to launch their non-fungible tokens in an outstanding development.
According to the annoucement, the Grammys NFTs will come to mainstream commemorate the 64th, 65th, and 66th Grammy Awards.
The #GRAMMYs are coming to Tezos!
NFT platform @OneOfNFT, built on @Tezos, is entering the first-of-its-kind partnership with @RecordingAcad to create digital collectible #NFTs to commemorate the 64th, 65th, and 66th GRAMMY Awards.#Tezos #CleanNFThttps://t.co/boPNYAT9Q0
— Tezos (@tezos) December 9, 2021
To roll out its Grammys NFTs, the Academy secured a three-year partnership with Tezos-based green NFT marketplace OneOf. The collaboration will entail OneOf releasing digital collectibles and experiences celebrating Grammy nominees and winners.
Also, the Academy noted that it chose to build on OneOf because of Tezo’s environmentally friendly feature. It explained that Tezos is more energy-efficient than other proof-of-work blockchains and uses less energy to mint NFTs.
OneOf NFTs Will Empower The Music Industry
OneOf Co-Founders Lin Dai, Adam Fell, and Joshua James lauded the new partnership. The NFT platform founders noted that digital collectibles could empower the music industry according to the partnership.
According to them, if NFTs are correctly used, they will empower the music industry in a way like no other has done it before. Also, they further expressed delight to be working with the Recording Academy to roll out its NFTs.
Also, the Academy disclosed that a % of the NFTs profits would go to its scholarship fund. Furthermore, it noted that more information on the collection will be unveiled in January 2022 ahead of the 64th Grammy Awards.
$XTZ Price Update
When writing this article, the price of $XTZ is currently trading at $4.32, following a drop of 1.6% in the last seven days.
Also, $XTZ has a market cap of $3,7 billion with a 24-hour trading volume of $121 million. It has a circulating supply of 869 Million tokens with an infinite total supply.
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