The city of Miami, the metropolis leading the way for Web3 innovations in Florida, is completely set to release a 5,000 NFT collection in cooperation with TIME magazine publisher Time USA, Mastercard, and Salesforce.
To represent the city’s 56 square mile area, the NFTs from the collection are being curated by 56 different Miami-grounded artists. They are planned for release in December of this time, and are designed to give holders the capability to unlock unique experiences. For now, this is the only unequivocal information that the megacity’s blockchain-advocating Mayor Francis X. Suarez has participated with regards the properties of the assets.
Through the action, Time USA will help in contriving the city’s NFT strategy, whilst Mastercard will offer Miami NFT holders exclusive benefits similar as special access to restaurants and private cultural tours of the megacity. In using its new and forthcoming NFT Cloud platform, Salesforce will manage the minting and primary deals processes of the NFTs.
As numerous will know, this is not the first Web3 venture from the megacity (and Suarez), as it preliminarily launched MiamiCoin(MIA), an altcoin that the megacity would hold in a wallet and others could buy. The coin dropped in August of last time and generated around $8 million in its first two months of exertion, still now; it is down 98.9 from its each-time high.
Since also, the megacity locked up or staked most of its MIA to earn a yield in Bitcoin, with similar yield set to be shared between its residents.
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