"I want everyone to get involved and rap your favorite Biggie verse, tag me and use the hashtag #WeMissYouBIG", Diddy posted on his Instagram account.
It's been 20 years since we lost Biggie, one of rap's most influential names.
According to the press release, Biggie's closest family and friends, including Sean "Puff Daddy" Combs, his mother Voletta Wallace, and his children will be attendance.
The Notorious B.I.G., aka Christopher Wallace, was shot in the passenger seat of a vehicle outside a Vibe magazine party on March 9, 1997.
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"He's from Brooklyn. We play his music". The 47-year-old rapper will then take these clips and edit them into one video to commemorate the legacy of his late friend.
Wallace went on to say that she thinks she knows the identity of her son's murderer, and that the Los Angeles Police never wanted to solve the crime.
As The Undefeated chronicles, Biggie died at the height of a much-publicized lyrical feud between East Coast rappers, like himself and others on the Bad Boy Records roster, and West Coast ones.
"It hurts me every single day to know what happened to Christopher and that I won't see him ever again. But you know we just have to move on and live with the great memories of B.I.G. that we've had".
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His loss is still deeply felt in the hip-hop community; whenever someone mentions the decline of NY hip-hop today or the '90s golden age of rap, Biggie is one of the first names to come up.
In honor of B.I.G., the Brooklyn Nets said they planned to host a "Biggie Night" at Barclays Center when they face off against the Knicks this weekend. "That's why I started my clothing line dedicated to him", T'yanna said in an interview last June.
Diddy wrote that the artist - also known as Biggie Smalls or, after the title of one of his songs, Big Poppa - was "the greatest rapper of all time".
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It would also eliminate grants to local law enforcement agencies to increase patrols around airports. Duncan Hunter (R-CA) slammed the president for putting out such a "nonsensical" proposal.