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Indie Artist The Aces Asks Hypebot Readers: Do The Grammys Matter?

Derek Irving from indie artists The Aces emailed me yesterday: I'm an independent artist who recently signed to a label out of Spain for a 2 record term.  Why?  Because. Continue reading [https://www.hypebot.com/hypebot/2009/08/indie-artist-the-aces-asks-hypebot-readers-do-the-grammys-matter.html]

Derek Irving from indie artists The Aces emailed me yesterday:

Aces I'm an independent artist who recently signed to a label out of Spain for a 2 record term.  Why?  Because (1) great European distribution, (2) built in fan base to the label and (3) i don't have the financial/business support as the label does for manufacturing, marketing, etc.  This is our first record eventually I may decide to do self released music / free music.

But my question is:  What will happen with awards (e.g. Grammy, Gold/Platinum status, etc)  for artists/bands who decide to self release music?   Will the foundations change to include self released music (self released or free) or will these artists simply deal with the fact that they are not eligible for such awards? 

In fact, do independent artists even care about such awards any more?

It's a great question. So unless someone from The Grammy's is reading, I'll get Derek the answer to Derek's eligibily question (which I think is you just have to be a member). But I'd love the members of the Hypebot community to sound off:
Grammy Do the Grammys and other awards still
matter to independent musicians and labels?