The former Divas Champion – who welcomed son Matteo into the world in July last summer with current fiancé Artem Chigvintsev – was inducted alongside her twin sister Brie during Tuesday night’s ceremony as part of the 2020 class.
The twins – who are keen on making an in-ring return – thanked Dusty Rhodes, Pat Patterson, Mark Carron, their stepfather John Laurinaitis and their children.
Nikki also said: ‘To John, thank you for teaching me a lot about this business and truly helping me find my Fearless side.’
The star-studded ceremony also saw the likes of ‘British Bulldog’ Davey Boy Smith, the nWo (Hulk Hogan, Scott Hall, Kevin Nash and Sean Waltman), Eric Bischoff, Molly Holly and Kane take their place in history.
After being introduced by hosts Corey Graves and Kayla Braxton, he said: ‘Thank you so much WWE Universe for this Award. I don’t deserve it, but thank you anyway.
‘It’s all about the fans really. Our fans are what keep us alive really. It’s all about them. I wanna think Vince McMahon and Triple H – thank you very much, God bless you.’
Ozzy first appeared at WrestleMania 2 back in 1986 in the corner of the British Bulldogs – Davey Boy Smith and Dynamite Kid – alongside Captain Lou Albano as they battled the Dream Team of Greg Valentine and Brutus Beefcake.
The Prince of Darkness also performed live on SmackDown back in 2007, and two years later he and wife Sharon Osbourne were guests hosts for an episode of Raw.
And elsewhere on the ceremony, Star Trek legend William Shatner was also inducted into the Hall of Fame’s celebrity wing as part of the 2020 class, who were honoured tonight after last year’s ceremony was cancelled due to the pandemic.
He said: ‘I was born in Montreal, and out of Montreal came many of the great wrestlers that became popular in the United States, so I follow a Montreal tradition if you will.
‘I never really wrestled but I got to know several people in WWE, threw Jerry Lawler out of the ring once, I claim that as a great honour. I have been a great fan of WWE for a long time.