CoinMarketCap has introduced the launch of the inaugural CMC Crypto Awards to acknowledge the accomplishments of networks, individuals, and know-how within the crypto trade.

The awards are scheduled to happen between Feb. 21 and March 6.

The collection of winners will depend on CoinMarketCap knowledge, insights from professional panels, and group votes, with the winners introduced on the final day of the occasion.

CoinMarketCap CEO Rush Luton mentioned:

“Our intention is for the CMC Crypto Awards to change into essentially the most acknowledged annual celebration of Crypto and Web3. Consider it because the ‘Oscars Of Crypto’, an entertaining solution to convey the entire trade collectively and have a good time the individuals and initiatives which can be driving the trade ahead.”

CoinMarketCap plans to award excellence throughout eight distinct classes throughout the crypto sphere.

The nominees

The primary award is the coveted title of Crypto of the 12 months, which goals to acknowledge groundbreaking innovation and enduring affect on the trade. The nominees are Ripple, Solana, Chainlink, Ethereum, and Toncoin.

Within the Crypto Chief of the 12 months class, CoinMarketCap is seeking to honor visionaries who fight concern, uncertainty, and doubt (FUD), propelling technological developments, adoption, and regulatory progress worldwide.

Nominees embrace former Binance CEO Changpeng Zhao, Coinbase CEO Brian Armstrong, Messari CEO Ryan Selkis, Ethereum co-founder Vitalik Buterin, and Hong Kong’s Securities and Futures Fee (SFC) CEO Julia Leung.

The Meme Coin of the 12 months class goals to acknowledge humor and group engagement within the trade, the nominees embrace Pepe, Milady, Memecoin, Bonk, and Ordinals.

The Most Progressive DeFi award will honor protocols which have contributed uniquely to the evolving panorama. The nominated initiatives are Uniswap, Unibot, EigenLayer, MakerDAO, and Buddy.Tech.

The Most Progressive L1, L2, Cross-Chain Venture award can be given to networks which have demonstrated appreciable scalability, safety, and interoperability developments. The nominees embrace Arbitrum, Aptos, Axelar, ZKSync, and Celestia.

CoinMarketCap additionally desires to acknowledge the numerous contributions of social media influencers for enriching the crypto discourse and advancing the group. Nominees embrace Lookonchain, ZachXBT, CryptosRUs, Wendy O, and The DeFi Edge.

Lastly, the Bridge Builder of the 12 months class goals to have a good time established manufacturers which have embraced Web3 to reinforce buyer worth.

Nominees for this award embrace BlackRock for championing a Bitcoin ETF, PayPal for its PYUSD stablecoin, Reddit for gamified avatars simplifying Web3 entry, Starbucks for Web3 loyalty applications, and Nike for mixing vogue, sport, gaming, and Web3 by strategic partnerships.