Our good friends over at Ozhiphop.com are redesigning and changing things up, and they’re looking for a new logo design to adorn their upcoming website redesign.

Comps like this, as well as the Red Octopus t-shirt comp that we posted last week are a great opportunity for artists to flex their design skills and go for gold.

“We are looking for a new logo for Ozhiphop.com. We pay tribute to the old, but we are also moving forward and are looking for a new image to represent the website.

We are looking for an image that represents hip hop, culture, community, etc etc. It should be able to translate from the web to print. You will relinquish rights to the image submitted if we choose that image. All rights will be reserved by Ozhiphop.com. Standard.

Prize yo; $500 CASH, and an incredible Golden Era prize pack put together for this comp, we’ll feature you on the site, mad internet props and possible “LJ Money” and some other stuff that I chuck in between now and the end.”

Entries close on the 12th of June, so get in quick – and check out more details on the OzHipHop.com website.