Home Miami-Dade Miami to debut NFT ahead of holiday season

Miami to debut NFT ahead of holiday season


In the coming weeks, Miami plans to debut a series of digital, non-fungible tokens (NFTs) to raise funds for the city, local artists and nonprofits.

Miami Commissioners OK’d plans in July to roll out the NFTs through a partnership with TIME Magazine, Mastercard and Salesforce.

The 5,000 forthcoming Miami NFTs will be “designed by 56 local artists, representing the city’s 56 square miles” and kept on the blockchain Ethereum, a Miami press note said.

After TIME recoups a $514,000 investment in the program, Miami will split the sum between the city (50%), artists (25%), TIME (15%) and local charities (10%).

– Jesse Scheckner, Florida Politics

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The South FL 100