In addition, the city will issue approximately 5000 Ethereum NFTs designed by street musicians. The goal is to assist local businesses in increasing their earnings.

Miami City Will Issue 5000 ETH NFTs

According to the statement, the Mayor of Miami will issue over 5000 NFTs. They will be designed by 56 local artists in the city to showcase the beauty of the region's 56 square mile area.

Furthermore, the NFT project aims to increase revenue for local companies and charities in the city. The mayor stated that the city would collaborate with Mastercard, a well-known merchant services operator.

NFT holders will benefit from a variety of benefits as a result of the Mastercard collaboration. In addition, Mastercard will provide a turn-key utility that will enable NFT holders admission to Mastercard's Magnificent Miami Program.

They can attend events in Miami restaurants, see the city's cultural institutions, and so on. Raja Rajamannar, Chief Marketing Officer at Mastercard, stated that the company is excited to collaborate with the Mayor and assist local businesses.

Furthermore, Time Magazine will be in control of the concept, content development, and program launch. Per the Keith Grossman, President of TIME, this will allow the city to engage with visitors and locals.

Grossman recognized the city's success in the web3 area. He also stated that the company is looking forward to collaborating with other web3 startups.

Salesforce will issue and sell NFTs.

Furthermore, Salesforce will be responsible for minting and selling NFTs via the NFT cloud. The NFT cloud is a novel venture that is currently in its early stages.

It is designed to assist businesses in providing excellent interactions in both the digital and physical worlds. Salesforce spokesman Adam Caplan stated that the company is pleased to be a part of the project.

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While discussing the proposal, the Mayor expressed his excitement at being a pioneer of such an endeavor in Miami. Suarez feels that this will boost the income of the city's artists.

He also stated that the city would continue to use these emerging technologies to help local businesses succeed. He will also seek to attract new businesses and improve people's experiences.

Meanwhile, the latest NFT project in Miami will take place in December. This is after ETH has switched from a PoW to a PoS consensus process.

The long-awaited merger, which is expected to take place in September, will cut ETH's carbon footprint. It would also enable the blockchain to use more environmentally friendly web3 methods.