The city of Miami is not just about the beaches and nightlife, it’s also home to a growing crypto community. The latest move by the local government wants people in this supportive sci-tech haven to add “Web3 hotspot” to their list of reasons why Miami is quickly becoming a tech hub in the web3 space.
Miami is embracing NFTs wholeheartedly after hosting one the industry’s defining events. The local government has partnered up with TIME — a prominent advocate for Web3 in media traditionalists—to launch an innovative collection that features nearly 5k non-fungible tokens (NFT) designed by 56 artists from Miami according to an official announcement.
With this new partnership, Miami could become an example for other cities to follow in terms of embracing Web3 technologies and their own NFT offerings.
A Phy-gital celebration, the best of both worlds.
Miami is hoping that by creating an interactive map, it will drive holders of the NFT out into the streets and explore what else there may be to offer, ideally increasing foot traffic and additional revenue into the city.
Miami has been a hub for the art world since it first welcomed artists and their works in 1985. The city’s close ties with the NFT community makes hosting Art Basel Miami each year an important event, which includes playing host to the tent pole festivities in December.
In spite of recent global economic struggles that have cast doubt upon many industries, Miami still stands out as one location where innovative and artistic brilliance is celebrated.
“The City of Miami has been on the vanguard of the web3 revolution and we will continue to employ these new technologies to support our existing businesses while attracting new ones, raise capital and provide experiences for our citizens and those visiting this great City,” said Miami Mayor Francis X. Suarez in the press release. “At the same time, we can also use this novel approach to support local artists and charities.”
Miami is one city that has always been at the forefront of innovation, from its early days as an international port to today with blockchain technology. And if Miami can make even just halfway decent efforts in becoming a Web3 oasis then it will be seen by other major cities around America and beyond as a point of reference as to what they can do. It could serve as both a leader/model for others on how they should go about doing things while also being able celebrate something unique about their own town – having more avenues through which local artists are supported so everyone gets involved again instead of just tourists or visitors.