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"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 newmonetization 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 communitythis 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, the 64th Annual GRAMMY Awards will be broadcast live on Sun, April 3, 2022, at 8 p.m. ET/5 p.m. PT on theCBS Television Networkand will be available to stream live and on demand on Paramount+.

About the Recording AcademyThe Recording Academy represents the voices of performers, songwriters, producers, engineers, and all music professionals. Dedicated to ensuring the recording arts remain a thriving part of our shared cultural heritage, the Academy honors music's history while investing in its future through the GRAMMY Museum, advocates on behalf of music creators, supports music people in times of need through MusiCares, and celebrates artistic excellence through the GRAMMY Awards music's only peer-recognized accolade and highest achievement. As the world's leading society of music professionals, we work year-round to foster a more inspiring world for creators.

For more information about the Academy, please visit http://www.grammy.com. For breaking news and exclusive content, follow @RecordingAcad on Twitter, "like" Recording Academy on Facebook, and join the Recording Academy's social communities on Instagram, YouTube, TikTok, and LinkedIn.

About Binance Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com

SOURCE Binance

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Binance Signs-On To Be The Official Cryptocurrency Exchange Partner of the 64th Annual GRAMMY Awards USA - English - USA - English - PR Newswire

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You might think the Will Smith-Chris Rock incident is getting old, but others are just getting started as a digital coin of the slap has been minted.

According to Fortune, the coin was minted less than a day after the incident at the Oscars and has hit a record value of 469% over its first 24 hours. Additionally, NFT art of the slap has also been created.

A Will Smith Slap DAO NFT on OpenSea was said to be ranging from $7 to $86. The meme has created surges in the crypto market, but they wont last long as Coindesk predicts the value will drop as time passes and the world moves on from the slap.

While Smith is still dealing with the backlash to his assault on Rock, which may include some kind of discipline from the Academy itself, Rock, who held his first comedy show last night in Boston, said hes still processing the moment.

According to a Rolling Stone report, Rock didnt say much about the slap in his first show since the incident, but did indicate he will have to write some new material to add to his Ego Death comedy tour.

I dont have a bunch of shit about what happened, so if you came to hear that, I have a comedy show I wrote before all this shit, the comedian told a sold-out crowd in Boston, before confessing the worst part of his weekend was finding out his daughter didnt get into USC.

That didnt stop a large host of photographers and reporters who almost outnumbered the audience to show up at the event. According to Rolling Stone, Rocks 75-minute set included him saying that America is done and the COVID-19 pandemic wasnt deadly enough to unite Americans.

Rock also discussed his two daughters and how he can not connect with them because they had the privileged upbringing he envied growing up, as well as what the dating scene is like as a rich man in his 50s.

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The Will Smith Slap Meme Is Now a Minted Cryptocurrency Coin and NFT Art - Black Enterprise

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What happened

One of the more popular cryptocurrencies that's taking the market by storm today isWaves( WAVES -0.24% ). This cryptocurrency has rocketed 30.3% higher as of 1 p.m. ET, over the past 24 hours. This sort of move, even in the crypto world, raises eyebrows. That's partly because today's move is simply a continuation of an impressive trend over the past month, with this token appreciating 325% over this time frame.

There are a number of reasons for investor enthusiasm in Waves over the past month. Notably, Waves' founder, Sasha Ivanov, is a native of Ukraine. Accordingly, as the Russian invasion of Ukraine unfolded approximately one month ago, investors appear to have flocked to this Ukrainian project.

Image source: Getty Images.

However, today's move appears to be related to the highly anticipated launch of Waves Labs, as well as the announcement that this project's team is intending to move its headquarters to Miami.

Waves has gained a lot of attention of late due to its impressive transformation plan announced in February. Today's announcement signifies some of the first steps Waves is making in transforming its project into one with a dynamic team, but also a highly decentralized model. Among the key features Waves intends to launch in the coming year are a decentralized autonomous organization (DAO) structure, Ethereum virtual machine (EVM) support, and various cross-chain bridges. This team will be busy.

Today's announcement is a big deal for Waves, as this move to the U.S. includes the formation of an ecosystem fund as well as an "aggressive hiring and marketing plan." For investors seeking growth in the crypto world, there's a lot to like about the direction Waves appears to be headed right now.

The launch of Waves Labs is a move many investors appear to be viewing favorably, as this project seeks global expansion. The cryptocurrency space is highly competitive, with thousands of projects vying for market share in a sector that's growing at lightning-fast speed. Accordingly, investors are rightly cheering the aggressive expansion plans put forward by Waves Labs, as well as the focus on on-shoring talent to the U.S.

Given the voracity of the move Waves has seen of late, investors betting on a continued momentum-fueled rally ought to be considerate of the potential for some mean reversion in the near term. That said, there's a reason why this token is moving aggressively higher over the past month. Personally, I think this will be an interesting token to keep on the watch list right now.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis even one of our own helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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This Cryptocurrency Just Exploded 30% Higher, Overnight - The Motley Fool

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There sure is a lot of talk about cryptocurrency these days, and NFTs and the like. I couldn't get through 10 minutes of the Super Bowl without some Hollywood actor making fun of me for being a wuss because I wasn't putting all my money into "crypto." That sounds a little too much like a crypt for me to be entirely comfortable. I don't want to put my hard-earned savings into an early grave.

But I've been hearing all the smart people, like Jimmy Fallon and Paris Hilton and Elon Musk, talking about buying doggy coins and bored apes, and I like animals, so I figured I should read up on it. You hate to be the only guy who didn't buy Apple Computer stock in 1989 when it was 5 cents a share or whatever, and you can be damned sure that all the crypto people will be more than happy to remind you about it for the rest of their hopefully short lives. "I told you man. I told you! Hey, want to go to Paris with me and the missus Friday? Oh, I forgot. You don't have the money."

So I read and I read, and I thought I had it mostly worked out, but not quite.

When I was in fifth grade in health class, they separated the boys and girls and showed us a slideshow about reproduction that was full of diagrams with lots of circles and arrows. After it was over, one guy said, "I don't see how it all fits together."

That's how I felt after reading all of the explainers and trend pieces about blocks and chains and tokens.

So I met up with my friend Frank, who's pretty smart. He's got a good little business getting people's basements dry. No pumps or anything; he moves dirt around their yard, and the water just goes somewhere else. Frank has all the business he wants, which isn't very much. Because as soon as he makes enough money for the year, maybe including a mud season vacation somewhere sandy, he stops working and does more interesting things.

Like I said, he's pretty smart.

The thing is, he's not big on schooling and doesn't even read that much. So he can't ever explain anything to you, unless it involves water, dirt or concrete. But he asks good questions, and somehow after you talk to him for a while you know more than when you started.

Frank actually brought the subject of crypto up because of all those Super Bowl ads. "Wasn't that weird?" he said. "I've never seen anyone advertising money before."

"What do you mean?" I asked.

"Well, this stuff is supposed to be money, right?" he said. "The new, worldwide secret money or something?"

"Yeah."

"You ever seen a bank advertising money, to make you want it?" he asked, rhetorically. "People already seem to want it pretty well on their own. There's no ads like: 'U.S. dollars are the best! People will work hard for you if you give them these.'" Or, he went on, "'Swiss francs: We know how to keep a secret.'"

I chimed in: "Russian rubles! So much history. Now on sale cheap!"

Frank gave me a look that said, "One step too far, Mark." I get that a lot. But what he said was, "Can you explain to me what a crypto actually is? What do I get for my money?"

"All of it is based on tokens," I explained, "which are sort of like a unique ID, whether it's attached to a cryptocurrency or an NFT, which stands for 'non-fungible token' and is usually a picture. And there's a worldwide database that keeps track of these tokens and who owns them, except it doesn't have your real name, so it's anonymous."

"So it's just like your username and password for something?" Frank asked. "That's a unique ID."

"Exactly, except it's on this worldwide blockchain database, with an anonymous identifier."

"So how do you prove you own it?" he asked.

"You log in to your e-wallet."

"With a username and password?"

"Yeah. Oh."

"What if you lose your password?" Frank continued. "Or someone finds it written down on a piece of masking tape on your keyboard?"

"It's pretty much gone, and there's nothing you can do about it."

"So who makes these tokens? How do you know they're not counterfeit?"

"This is the confusing part," I said.

He interrupted, "That last bit was the clear part?"

I ignored his jibe and explained, "That's where the worldwide blockchain database comes in. It's all tracked in there. Computers doing a whole bunch of complicated calculations to mine a crypto token that can be verified."

"Sounds like a lot of electricity," Frank noted. "Do these calculations do any good for anybody?"

"Just the person who gets the new Bitcoin."

"So, basically, your computer gets a gold star for being good at some useless math problems, and you sell the gold star?"

"I haven't heard anyone phrase it that way, but sure, I guess."

"Huh. So this Zoom money, what can you buy with it?" he wondered.

"You can't really go to a store with it or anything. There was a pizza place in Shelburne that accepted crypto for a while in 2013, but not anymore. You just hope the value goes up."

"Sounds like the stock market."

"Except stock is for part of a company somewhere," I said. "So its value goes up and down with the company. Crypto is just what it is."

"Money that can't buy things? So who would you sell it to if you wanted real money again?"

"Someone else who wants Bitcoin."

"What if no one wants Bitcoin at the moment?" Frank asked.

"I guess the price goes down until someone wants it."

"Sounds like stock again, without the company," he observed. "Even betting on horses, there's an actual horse you can read up on. This is like betting on the horses, with no horses. Even Beanie Babies and pet rocks, you got a thing. I found a Beanie Baby at a garage sale; my granddaughter liked it. Twenty-five cents seemed kind of steep, but it was worth it for one smile. So I still don't understand, what do you get for your money?"

"That's where NFTs come in," I said. "They're tokens to prove you are the original owner of something like a picture of a bored ape."

"I saw that on Jimmy Fallon," Frank recalled. "He paid $270,000 for that ugly-ass drawing. I don't want it for free."

"I guess it's something to brag about, to get people talking about you."

"Tell you what. If you paid even $500 for a picture that looked like that, I guarantee you that everybody in Vermont would be talking about you."

Frank thought for a bit. "So I guess with all this stuff," he continued, "people think it's valuable because the computer token makes it scarce, in a weird electronic way?"

"Exactly! Now you got it," I said.

"Well, I got a money that's even scarcer than that."

"How many are there?"

"There ain't any at all," Frank replied. "That's as scarce as you can get. It's gotta be worth billions."

"But there's nothing you can sell."

"That's OK, I'm doing fine," Frank said. "Tell you what, though. How about I make one of them, the world's only Frank Coin. I'll sell it to you for a million dollars. Just 'cause you're my friend."

Well, I don't have a million dollars, and Frank didn't have any more questions, which is usually a sign that he's thinking something over. This was a long silence, a full beer and a half of quiet. Then he said, "Sounds like what's going on is, you have a bunch of people who have so much money, they're bored of it. And they want to make it more interesting again, even if they might lose it all."

"OK," I said, "I can't argue with that."

"Well, we have a good old-fashioned Vermont way to solve that problem," Frank said. "These folks just need to buy a farm."

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A 'Frank' Discussion About Non-Fungible Tokens and Cryptocurrency - Seven Days

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