Crypto exchange Binance to take spotlight at 64th Grammy Awards: The Block

Cryptocurrency exchange Binance on Thursday teamed up with the Recording Academy, the music recording organization behind the annual Grammy Awards, The Block reported, citing a release. The partnership will enable Binance to introduce "web3 solutions" to the Recording Academy's events and projects, a Binance spokesperson explained to The Block, adding that the specific initiatives would not involve non-fungible tokens. The size of the deal was not disclosed, though the partnership is expected to last for "more than a year," the Binance spokesperson told The Block. Moreover, the move comes as the Recording Academy will explore monetization avenues for its members and create new experiences for music fans, The Block noted, citing Panos A. Panay, co-president of the Recording Academy. Note that the 64th Grammy Awards ceremony will take place on April 3 at the MGM Grand Garden Arena in Las Vegas. Previously, (March 24) El Salvador's president linked with Binance's