{"id":12568,"date":"2022-07-29T21:29:47","date_gmt":"2022-07-29T21:29:47","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/a-model-for-future-cities-miami-is-launching-its-own-nft-collection\/"},"modified":"2022-07-29T21:29:50","modified_gmt":"2022-07-29T21:29:50","slug":"a-model-for-future-cities-miami-is-launching-its-own-nft-collection","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/a-model-for-future-cities-miami-is-launching-its-own-nft-collection\/","title":{"rendered":"A Model for Future Cities? Miami Is Launching Its Own NFT Collection"},"content":{"rendered":"
\n

What first pops into your head when thinking about Miami? Is it Miami beach? Miami nightlife? Authentic Cubanos? Dwyane Wade? All are correct, but now Miami\u2019s city government wants you to add \u201cWeb3 hotspot\u201d to that list.<\/p>\n

During the NFT industry\u2019s bull run throughout 2021, one of the most important events during this time frame was undoubtedly Art Basel Miami. Scores of NFT enthusiasts flocked to the event\u2019s various locations across the city to catch one of many NFT-centric events taking place at one of the most significant networking events in the entire art industry \u2014 not just in the NFT art space.<\/p>\n

It makes sense, then, that the City of Miami is embracing NFTs wholeheartedly after hosting one of the industry\u2019s defining events. The Miami city government is partnering up with TIME \u2014 one of Web3\u2019s most prominent advocates in the world of traditional media \u2014 in addition to Mastercard and Salesforce, to launch a collection of \u201cnearly 5,000 NFTs designed by 56 local Miami artists,\u201d according to an announcement on the city\u2019s official website.<\/p>\n

And, if Miami and its partners are successful, this move could become a model for future cities to push into Web3 capabilities with NFT offerings of their own.<\/p>\n

A digital and physical celebration<\/h2>\n

The project is intended as a celebration of Miami\u2019s vibrant culture and history. As such, a key component of this city-wide Web3 launch is Mastercard\u2019s Priceless Miami program, which will provide holders of these NFTs access to \u201cunique experiences, from one-of-a-kind events at local Miami restaurants to curated, unforgettable private tours of Miami cultural institutions and other memorable activities.\u201d<\/p>\n

With this utility built into the project, the city of Miami hopes that IRL experiences laid out for NFT holders will encourage the public to further explore the city on their own, driving more foot traffic \u2014 and potentially revenue \u2014 into the city.<\/p>\n

Due to its close ties with the NFT community, which includes playing host to Art Basel Miami each year, one of the industry\u2019s now-tentpole events, Miami remains uniquely positioned to sponsor NFT collection launches, even in the face of a global, multiple industry-spanning bear market.<\/p>\n

\u201cThe 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,\u201d said Miami Mayor Francis X. Suarez in the press release. \u201cAt the same time, we can also use this novel approach to support local artists and charities.\u201d Of course, there\u2019s no guarantee Miami\u2019s dreams of a Web3 oasis will succeed. But if it gets even halfway there, it could serve as a leader and model for other major cities in the U.S. \u2014 and the world \u2014 to sponsor NFT launches, and become a part of a unique future. One where local artists have more avenues by which they can sustain themselves, and all the things that make a city a great place to live find a new reason to celebrate.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

What first pops into your head when thinking about Miami? Is it Miami beach? Miami nightlife? Authentic Cubanos? Dwyane Wade? All are correct, but now Miami\u2019s city government wants you to add \u201cWeb3 hotspot\u201d to that list. During the NFT industry\u2019s bull run throughout 2021, one of the most important events during this time frame […]<\/p>\n","protected":false},"author":1,"featured_media":12569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-12568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"\nA Model for Future Cities? 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