After Bitcoin (BTC), the city of Miami is now embarking on Web 3.0

Known for his public stances in favor of cryptocurrencies and Bitcoin (BTC) in particular, Miami Mayor Francis Suarez announced the launch of a collection of non-fungible tokens (NFTs) on the Ethereum (ETH) blockchain. It is co-produced by Time, Mastercard and Salesforce and will be released in December.

Miami launches its collection of NFTs

The City of Miami reaffirms its interest in Web3. The mayor, Francis Suarez, announced this Thursday the launch of a collection of 5000 non-replaceable tokens (NFTs) on the Ethereum (ETH) blockchain. To make this project possible, the city is collaborating with the magazine Timeas well as companies MasterCard and Sales team.

The NFTs were designed thanks to a collaboration of 56 artists from Miami. This figure refers directly to the area of ​​the city: 56 square miles. For now, the city has not communicated about the artistic features of this collection.

Prospective holders of NFTs will benefit from access to: a special program offered by Mastercardincluding offering unique experiences at local restaurants, curated private tours or unique cultural activities in Miami.

Time magazine will use its brand image almost a century old to lead the strategy, develop the creation and promote the collection. Finally, Salesforce takes care of the technical aspect related at the mint and at the sale of the collection thanks to the new dedicated platform called NFT Cloud.

The mayor of Miami clarified that the collection would only see the light of day… by the end of 2022. Indeed, the city wants to wait for the Ethereum blockchain to migrate to a network that works on Proof-Of-Stake (PoS), “a change that will reduce the initiative’s carbon emissions by an estimated 99% or more”.

👉 To continue – NFT: what is it and what is it for? – Definition and Examples

published by editions larousse

Miami, the new Eldorado for crypto fans?

It’s no longer a surprise, Francis Suarez wants to make Miami a pioneering city in the cryptocurrency industry. So the Republican politician explored different methods to integrate Bitcoin (BTC) into its metropolis.

As a reminder, he launched a cryptocurrency especially dedicated to Miami. titled the MiamiCoin, this allowed you to invest in the city by being rewarded in Bitcoin (BTC). In a period of 6 months no less than $21 million that were generated by staking and redistributed among the residents.

At the forefront of this movement, of course, we find Francis Suarez himself. to Put the deed to the word, the mayor of Miami paid his wages for the month of November 2021 in Bitcoin. An initiative that Promote Strikethe cryptocurrency wallet based on the Lightning Network.

“The City of Miami has been at the forefront of the web3 revolution and we will continue to use these new technologies to support our existing businesses while attracting new businesses, raising capital and delivering experiences to our citizens and those who want them. great city visit. »

After a majority stake in Bitcoin, this is the first time Francis Suarez explores other horizons of Web3. Despite the start of a bearish cycle in the cryptocurrency market, Miami is ramping up initiatives and persevering her ambition to become a major player of the new world of Web3.

👉 On the Same Theme – Miami Mayor Will Allocate Part Of His Retirement Savings To Bitcoin (BTC)


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