YouTube is expanding their Internet-changing website by adding an award show. The first annual YouTube Music Awards takes place today (November 3) and is slated to feature performances from Eminem and Tyler, The Creator. Kendrick Lamar, Macklemore & Ryan Lewis and Nicki Minaj, among others are up for awards. The event will stream live starting at 6 p.m. EST. The show is being taped at Pier 36 in New York, New York. Leading up to the inaugural show, there will be preliminary celebration in Seoul, Moscow, Rio and London. Unlike the general awards given out a regular music award shows, YT's accolades will pertain to the site with winner being selected via the site's data from the last 12 months. There is also a fan vote where winners could be voted on via Google+, Facebook and Twitter.

Check out the list of categories and nominees, below, and stream the entire event, (above).

Video of the Year: Nominees represent the videos with the most fan engagement on YouTube over the last year.
Epic Rap Battles Of History "Barack Obama vs Mitt Romney"
Demi Lovato "Heart Attack"
Girls' Generation ­ "I Got A Boy"
Justin Bieber (feat. Nicki Minaj) "Beauty And A Beat"
Lady Gaga ­ "Applause"
Macklemore & Ryan Lewis (feat. Mary Lambert) "Same Love"
Miley Cyrus "We Can't Stop"
One Direction ­ "Best Song Ever"
PSY "Gentleman"
Selena Gomez ­ "Come & Get It"

Artist of the Year: Focused on acts YouTube fans have made stars, nominees represent the most watched, shared, liked, and subscribed ­to artists.

Epic Rap Battles
Justin Bieber
Katy Perry
Macklemore & Ryan Lewis
Nicki Minaj
One Direction
Taylor Swift

Response of the Year: Best fan remix, parody or response video, these nominees represent the top “unofficial” fan videos on YouTube based on views, shares and other social activity.
Boyce Avenue (feat. Fifth Harmony) "Mirrors
Jayesslee ­ "Gangnam Style"
Lindsey Stirling and Pentatonix ­ "Radioactive"
ThePianoGuys "Titanium / Pavane"
Walk Off the Earth (feat. KRNFX) "I Knew You Were Trouble"

YouTube Phenomenon: Nominees are based on the phenomena that generated the most fan videos.
"Gangnam Style"
"Harlem Shake"
"I Knew You Were Trouble"
"Thrift Shop"

YouTube Breakthrough: Focusing on breakout new acts, nominees represent the artists who experienced the biggest growth in views and subscribers.
Kendrick Lamar
Macklemore & Ryan Lewis
Naughty Boy

Innovation of the Year: Most creative and innovative music videos on YouTube.
Anamanaguchi "ENDLESS FANTASY"
Atoms For Peace "Ingenue"
Bat For Lashes "Lilies"
DeStorm­ "See Me Standing"
Toro Y Moi "Say That"

[via HHDX]