McDaniels says, "What Run DMC wanted to do was represent hip-hop the way it should be represented.
"We'll try to, in the remembrance of Jam Master Jay and everybody before us - keep it real."
The rapper also spoke out about the current crop of hip-hop stars.
If he had been voting he would have chosen Public Enemy for the top spot, saying, "They said something. A lot of these cats now coming into the business, they are about show business."