One of the most successful cryptocurrency exchanges in the world, Binance has become an exclusive partner of the Recording Academy of the United States. The signing of a significant document for both parties reported representatives of the exchange.

As it became known, after signing the agreement Binance officially becomes a partner of the key position in the world of music Grammy, which this year will celebrate its 64th birthday. One of the founders of the influential crypto-exchange, Yi He, made a comment. She noted that the partnership with the Oscars from the music world will give a new impetus to the development of blockchain and Web 3.0 technologies in entertainment.

The partnership between Binance and the U.S. Recording Academy will not end at the Grammy Awards alone, the platform stressed. The contract is for one year, during which the company will present all sorts of innovations in the field of Web 3.0.

This is not the first case of a partnership agreement between the U.S. Recording Academy and a representative of the cryptocurrency community. Last fall, the organization began a partnership with the music NFT-platform. The agreement concluded between the parties implies that the platform will fulfill its obligations during the next three Grammy Awards.