Miami to release 5 000 NFTs in collaboration with TIME magazine

Mastercard, a payment company, and Salesforce, a CRM solutions developer, participated in the project

30.07.2022 - 06:45

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What’s new? Miami Mayor Francis Suarez has announced the release of 5 000 NFTs in collaboration with TIME magazine and Mastercard, a payment company, and Salesforce, a CRM solutions developer. The city’s non-fungible tokens will be created by local artists, and their holders will have access to Mastercard’s Priceless Miami program, which has a variety of events and tours planned.

We are thrilled to partner with @FrancisSuarez, @VentureMiami, @Mastercard & @Salesforce to help bring the @CityofMiami into #web3! This initiative will support local artists & charities in Miami in unprecedented ways! Learn more ⤵️https://t.co/G8Sp35FLtz— TIMEPieces ⏰ (@timepieces) July 28, 2022

What else is known about the NFT issue? TIME Magazine will be responsible for the token launch, creative and strategic direction. The outlet has already had experience with the promotion of NFTs, in March they released an issue of their magazine in the form of a non-fungible token, which had a picture of Vitalik Buterin on the cover.

Salesforce will take over the issuance of tokens and their sale through the NFT Cloud platform. While the platform is at the stage of closed testing, the project will be officially launched in December on the Ethereum blockchain.

In May, the Vatican announced the opening of an NFT gallery with the non-profit Humanity 2.0 and Sensorium, a VR solutions developer. With it, the Vatican intends to “democratize art,” the project will include more than 800 artworks by famous artists.

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