Mumbai: Global blockchain company Binance has partnered with The Recording Academy to become the ‘first-ever official cryptocurrency exchange partner’ for the 64th Annual Grammy Awards and Grammy Week events, including the inaugural Recording Academy Honors celebration. 

"Binance will continue to work with The Recording Academy to bring various Web3 technology solutions and experiences to the organisation’s members, events and initiatives throughout the year," said the crypto platform in a statement on Friday.

 "As we continue to evolve the Recording Academy for a rapidly changing music industry and for the next generation of creators, we feel that it’s important to work with innovative partners to explore new monetisation avenues for our members and create new experiences for music fans," said Recording Academy co-president Panos A Panay. "As the leading player in the crypto and blockchain space and with its community-focused approach, Binance is the perfect partner for the Grammys and for our mission to empower music people around the world."

"We were impressed by the Recording Academy’s ability to meet changing demands by its community—this is something we mutually share as a company that puts users and people first," said Binance co-founder Yi He. "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."

Additional details about the partnership will be announced at a later date.

Live from MGM Grand Garden Arena in Las Vegas, SonyLIV will be exclusively streaming the 64th edition of Grammy Awards in India on 4 April at 5:30 a.m IST.