After Bitcoin (BTC), the City of Miami is Embracing Web 3.0

Known for his public positions in favor of cryptocurrencies and Bitcoin (BTC) in particular, the mayor of Miami, Francis Suarez, announced the launch of a collection of non-fungible tokens (NFTs) on the Ethereum (ETH) blockchain. It will be 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 on Thursday the launch of a collection of 5000 non-fungible tokens (NFTs) on the Ethereum (ETH) blockchain. To make this project possible, the city has entered into a collaboration with the magazine Timeas well as companies MasterCard and Sales force.

The NFTs were designed thanks to a collaboration between 56 artists from Miami. This figure refers directly to the area of ​​the city: 56 square kilometers. So far, the city has not yet communicated the artistic characteristics of this collection.

Future 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 guide the strategy, develop the creation and promote the collection. Finally, Salesforce will take care of the technical aspect related at the mint and at the sale of the collection thanks to its new dedicated platform, called NFT Cloud.

Miami’s mayor clarified that the fundraiser would first see the light of day before the end of 2022. In fact, the city wants to wait until the Ethereum blockchain is migrated to a network that operates on Proof-Of-Stake (PoS), “a change that will reduce the initiative’s carbon emissions by an estimated 99% or more”.

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Miami, the new Eldorado for crypto fans?

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

As a reminder, he launched a cryptocurrency specifically dedicated to Miami. with the title MiamiCoin, this allowed you to invest in the city by being rewarded in Bitcoin (BTC). In 6 months, no less than 21 million dollars which was generated by staking and redistributed to the inhabitants.

At the head of this movement we obviously find Francis Suarez himself. To walk the talk, the mayor of Miami paid his salary for the month of November 2021 in Bitcoin. An initiative which had also made it possible to 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 for our citizens and those who visit this amazing city. »

After a majority interest in Bitcoin, it is the first time Francis Suarez explores other horizons of Web3. Despite the start of a bearish cycle in the cryptocurrency market, Miami is stepping up its initiatives and continuing in its ambition to become a major player of the new world of Web3.

👉 On the same theme – The mayor of Miami will allocate part of his retirement savings to Bitcoin (BTC)

published by editions Larousse

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