After Bitcoin (BTC), the city of Miami launches on Web 3.0

Well known for his public stances in favor of cryptocurrencies and in particular Bitcoin (BTC), Miami Mayor Francis Suarez has 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 NFT collection

The city of Miami once again confirms its interest in Web3. Mayor Francis Suarez announced this on Thursday the launch of a collection of 5,000 non-fungible tokens (NFT) on the Ethereum (ETH) blockchain. To make this project possible, the city partnered with the magazine Timeas well as companies MasterCard And sales force.

The NFTs were designed with the collaboration of 56 Miami artists. This figure refers directly to the area of ​​the city: 56 square miles. For now the city has not yet communicated the artistic characteristics of this collection.

Future NFT holders will benefit from access to a special program offered by Mastercardincluding offering unique experiences at local restaurants, curated private tours, or unique cultural activities within Miami.

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

The mayor of Miami has made it clear that the collection will not see the light until when by the end of 2022. The city wants to wait for the Ethereum blockchain to be migrated to a network that operates on Proof-Of-Stake (PoS), “a change that will reduce the initiative’s carbon emissions by around 99% or more”.

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Miami, the new Eldorado for cryptocurrency fans?

It is no longer a surprise, Francis Suarez wants to do Miami a pioneer city in the cryptocurrency sector. Thus, the Republican politician explored various methods to integrate Bitcoin (BTC) in its metropolis.

As a reminder, it has launched a specially dedicated cryptocurrency in Miami. titled the MiamiCoin, this allowed you to invest in the city by being rewarded in Bitcoin (BTC). Over a period of 6 months, no less than 21 million dollars which were generated by staking and redistributed to the inhabitants.

At the forefront of this movement we obviously find Francis Suarez himself. In order to move from words to deeds, the mayor of Miami paid his pay for November 2021 in Bitcoin. An initiative that he had also enabled to promote Strikethe Lightning Network-based cryptocurrency wallet.

“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 by attracting new businesses, raising capital and offering experiences to our citizens and those who visit this great city. “

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

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

published by editions Larousse

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