Leading Web3 City Miami is Launching 5,000 NFTs

The city of Miami, Florida’s leading Web3 innovation metropolis, plans to release a 5,000 NFT collection in partnership with TIME magazine publishers Time USA, Mastercard, and Salesforce.

To represent the city’s 56-square-mile area, the NFTs in the collection are curated by 56 different Miami-based artists. They are due to be released in his December of this year and are designed to offer owners the following features: Unlock unique experiencesSo far, this is the only clear information the city is advocating for blockchain. Mayor Francis X. Suarez have share Regarding asset properties.

Through this initiative, Time USA will help develop the city’s NFT strategy, and Mastercard will provide Miami’s NFT owners with exclusive benefits such as exclusive access to restaurants and private cultural tours of the city. Salesforce will leverage the upcoming new NFT cloud platform to manage the foundry and key sales processes for NFTs.

As many know, this isn’t the city’s (and Suarez’s) first Web3 venture. Because the city previously launched Miami Coin (MIA), an altcoin that can be held in a wallet and purchased by others. The coin fell last August, generated about $8 million In its first two months of activity, however, it is now down 98.9% from its all-time high.

Since then, the city has locked up or staked most of the MIA to earn Bitcoin yields, which were set to be shared among residents.

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