The Notorious B.I.G, also known as Biggie Smalls, was known as one of the most influential rappers of all time.
In his Instagram post, Diddy revealed plans to edit together fan submissions to produce "something special" in honor of his friend's passing.
Both murders remain unsolved, and shrouded in conspiracy theories.
Reflecting on the 20th anniversary of her late husband's death, Evans said, "I still feel like there's a huge part of my life that's gone".
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Along with several members of Biggie's close family and friends, Sean "P Diddy" Combs and Biggie's mother will also be in attendance to pay tribute to the legendary rapper during halftime.
Biggie Smalls was killed after attending the 1997 Soul Train awards afterparty in Los Angeles, California.
And so, the entire evening will be dedicated to all things B.I.G. The Notorious B.I.G. was all about his business-rapping was just a way to kill time, talk shit, and gain respect. At the time of his death, singer Faith Evans was married to Wallace and she recently recorded a 25-track album of duets with the rapper titled "The King & I". In 2013, Rolling Stone dubbed him "the greatest rapper that ever lived", and a slew of artists - including 50 Cent, Alicia Keys, Eminem, and Michael Jackson - have paid homage to Biggie in their own music. "This project is my creative reflection of the love we had & the bond we will always have. But I am grateful to everyone who remembers him".
The supermarket where the Notorious B.I.G. bagged groceries as a young man is honoring the 20th anniversary of his death with limited-edition paper bags with a custom stencil of his face.