Datuk Bandar Miami Francis Suarez stated his plan to issue 5,000 non-fungible tokens (NFT) Ethereum by the end of this year.
This plan will be implemented in collaboration with TIME USA magazine publishers, Mastercard and Salesforce.
It is reported that the production process involved 56 different Miami artists as NFT designers.
TIME USA will help define the city's NFT strategy, in addition to participating in implementing the project.
Meanwhile, Mastercard also plays a role in offering exclusive benefits to NFT Miami holders such as access to special events in restaurants and personal cultural tours in cities.
In the meantime, Salesforce will manage the printing process and primary sales of NFT with its new yet-to-be-released NFT Cloud platform where it will allow brands to create and sell NFTs.
TIME President Keith Grossman, who is also on Salesforce's Web3 Advisory Board, told NFT Miami is about giving holders the power to unlock unique experiences.
He said again, the artwork would illustrate the incredible diversity represented in the city of Miami.
Even in the midst of the downturn of the crypto market, Datuk Bandar Suarez looks undeniable with the current situation.
In fact, he said they would continue to use this new technology to support existing businesses while attracting new ones.
NFT Ethereum in Miami is designed for a December launch following Ethereum's move to proof-of-stake (PoS).
