Lil Baby took home the award for Hip Hop Artist of the Year.
The 16th annual event is scheduled to take place in Atlanta on Friday, October 1.
The album received a surprise release on Sunday.
The video also features an appearance from Rylo Rodriguez.
The series stars artists such as Lil Yachty, J Balvin, and more.
The visual includes Baby, Franklin, and the ‘Space Jam’ crew.
The mixtape, ‘Bigger Than Life or Death,’ features Lil Baby, Future, and more.
‘With so many folks getting together with family and friends, there’s a lot to celebrate this summer.’
The tour kicks off September 1 in Mansfield, Massachusetts.
Artists featured include Lil Baby, Chance The Rapper, Jonas Brothers, and more.
Maroon 5, Chearp Trick and more will also perform at this year's event, scheduled for September 17 and 18 at Las Vegas’ T-Mobile Arena.
The festival hits Vegas from November 12 through 14.
The festival takes place in Philadelphia on September 4 and 5.
Other artists playing the festival include Travis Scott, Playboi Carti, Lil Uzi Vert, and more.
The album features the likes of Travis Scott, Meek Mill, Young Thug, and Rod Wave.