'Binance is sponsoring the Grammys this year. The crypto exchange said Web 3 initiatives with the Recording Academy are also in the works.'
, the Binance deal aims to get the world's largest crypto exchange by trade volume into the Hollywood spotlight.
Held this year in Las Vegas on April 3, the Grammys are meant to honor 2021's best musical performances. Binance said in a press release that the partnership with the Recording Academy could extend beyond just a branding opportunity. "Starting with the Grammys, we are excited to work together with the Recording Academy to bring fresh new experiences powered by blockchain and all the great things Web3 technology can bring to entertainment," Binance co-founder Yi He said in a statement.
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