The city will launch its first collection of 5,000 NFT in December, on the Ethereum network. It will partner with local artists and renowned companies.
- Miami will launch its first NFT collection.
- The city partnered with TIME and Mastercard for the initiative.
- Mayor Francis Suarez seeks to turn Miami into a center of technological innovation.
Miami continues to push efforts to become an attractive cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. hub. Now, it will dive into the tokens no fungibles (NFT).
The southeastern Florida city is partnering with three well-known companies to launch its first NFT collection later this year. The mayor of Miami and enthusiast of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Francis Suárez, announced the initiative in a press release Thursday.
According to the announcement, Miami plans to launch a collection of 5,000 NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). designed by local artists, which will represent the city, known worldwide for its pleasant beach weather and tourist attractions. The project is a joint venture between acclaimed magazine Time the payments giant Mastercard and the software company Salesforce .
“ I am delighted to partner with TIME, Mastercard and Salesforce on this initiative. “Suarez said, adding:
La ciudad de Miami ha estado a la vanguardia de la revolución Web3 y continuaremos empleando estas nuevas tecnologías para respaldar nuestra actual negocios mientras atraemos nuevos, recaudamos capital capital is most commonly defined as the large sum of money you would use to invest. y brindamos experiencias para nuestros ciudadanos y aquellos que visitan esta gran ciudad. Al mismo tiempo, también podemos usar este enfoque novedoso para apoyar a artistas locales y organizaciones benéficas.
– Major Francis Suarez (@FrancisSuarez) July 28, 2022
Miami lanzará su primera colección NFT
Each partner will have a role in the deployment of the project. Time who has previously worked in the NFT sector, will be responsible for guiding the strategy, developing the creative and launching the initiative. For his part, Salesforce will be responsible for the minting and sale of NFTs through its new product,NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Cloud cloud servers are typically located throughout different data centers all over the world.which is currently in a pilot phase.
For its part, Mastercard hopes to add utility to the collection, granting each NFT holder access to their program Priceless Miami which offers experiences, private tours and activities within the city. The collection is expected to launch in December this year on the web. Ethereum a decentralized open-source blockchain with smart contracts functionality. after the transition from blockchain to PoS .
In the opinion of Time’s president, Keith A. Grossman, the initiative “ will provide a unique opportunity for the City of Miami to build deeper connections with residents and visitors alike. “.
Last year, the publication made its first foray into the crypto space with the auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. of three of his covers flagships at NFT. The magazine also announced that it would start accepting in cryptocurrencies for payment of its subscriptions and that it would would keep Ethereum on its balance sheet as part of a partnership with the cryptocurrency investment firm Galaxy Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. .
Grossman pointed out that these efforts have allowed him to Time discover “ new ways to engage consumers and create new and exciting revenue streams for our industry “. In addition, he said that the Miami NFT project represents the first collaboration of Time to help another entity launch collectibles and enter Web3; however, he said there could soon be more such partnerships with other brands and organizations.
Cryptowinter does not slow down Suarez’s plans
Miami’s plans to dabble in cryptocurrencies don’t seem to be slowing down, even in the face of a prolonged bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market.
The city launched last year a digital citizen currency currency is a medium of exchange that defines value. called MiamiCoin an effort led by Suárez in partnership with the companyCityCoin. El token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. which promises its holders to generate returns in Bitcoin The new website, which was launched in March, raised nearly $8 million in just two months after its launch, according to reported Decrypt in October; however, that figure has since fallen considerably amid the pronounced downward cycle.
That’s just one of several efforts Suarez has led to drive the adoption of digital currencies and Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. in the city. The integration of payments with Bitcoin for the CITY TAXES and the remuneration of civil servants are some of the announcements Suárez has made in the past. The politician also opted for receive your salary in cryptocurrency .
Suarez did not comment on the choppy cryptocurrency market an area or arena, online or offline, in which commercial dealings are conducted. conditions in his statement this week, but he did reiterate that he plans to continue efforts to make Miami part of the shift to web3.
- Miami Mayor Francis Suarez: “We are going to be the first city in the U.S. to give rewards in Bitcoin”.
- Miami now has a Bitcoin bull a person that is optimistic and confident that market prices will increase, this person is also known to be "bullish" about the market or price. that echoes the iconic Wall Street sculpture
- Ethereum Collaborates with Miami Mayor’s Office to Put City Services on Blockchain
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Depositphotos