The Web Font Awards are coming soon. It's a new competition recognizing the most beautiful applications of web fonts in site design and technological achievements in type on the web. There's no entry deadline or submission guidelines yet, but the contest will involve an actual meatspace awards ceremony and real cash prizes.

From the Web Font Awards site:

The Web Font Awards – the first ceremony to celebrate the newfound typographic freedom empowering Web designers across the globe. The Web Font Awards will be a design competition for websites using Web fonts. Aimed at promoting Web font awareness and adoption, the competition will be open to eligible users of any Web font service or technology.

Sign up at the site to be notified of dates, deadlines, rules and requirements as soon as they are available. Though we're guessing this site (possibly NSFW) already has the top prize in the bag.

See Also:

• Web Heavies Send a Love Letter to Open Web Fonts
• Typekit Teams Up With Adobe to Offer More Web Fonts
• Test Drive Your Type With Google Font Preview