Psy was recognized at the Tribeca Film Festival in New York.
The South Korean pop sensation was given the Tribeca Disruptive Innovation Award for his viral video "Gangnam Style".
"Who knew, right? Giving me this award in itself is innovation, I think. I still cannot believe what happened right now. I applied to this school (New York University) in 1996, but I failed... Finally, I entered this building this morning," said Psy after receiving the award.
The Disruptive Innovation Award is given to those who have ideas that break the mold and in the process, create a significant impact.
Controversial radio and TV commentator Glenn Beck, fashion designer Norma Kamali, music and film entrepreneur Peter Shapiro and choreographer Twyla Tharp were also honored alongside Psy.
See our MYXPH.COM exclusive photos from "Psy Live in Manila" here
What can you say about Psy's latest achievement? Have you already been dancing to his "Gentleman" tune? Leave YOUR comments below.