Crypto city is the ultimate guide to Miami

Crypto city is the ultimate guide to Miami
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Crypto city is the ultimate guide to Miami

Miami is quickly becoming one of the most important places in the cryptocurrency industry as more blockchain businesses move there every year.

The Bitcoin Conference is a well-known event that happens every year in Miami. The mayor of the city and the people who live there both support digital assets. Here is all the information you need about the cryptocurrency scene in Miami. For more information, you can click at this link.

How people use cryptography and how cities look

Miami is now the city with the most people who use cryptocurrency. Most of this is because Mayor Francis Suarez is a leader who looks to the future. Suarez has set a good example for others by choosing to get his salary and part of his 401(k) in Bitcoin instead of traditional currency. In August 2021, the city of Miami made its own form of digital money.

It was called “MiamiCoin,” which wasn’t a big surprise. The purpose of the currency was to make money that could be used to help local projects. At first, $23 million was raised for the project, but the bear market in cryptocurrencies hurt everything, including the project. Since Mayor Suarez first said he would be paid in Bitcoin, the price of Bitcoin has dropped about 70%, and the value of the token has dropped by almost 90%.

Soon, people in Miami-Dade county will be able to pay their water bills, driver’s license renewal fees, and county bills with cryptocurrency. This is part of a plan that isn’t finished yet. City employees will also be able to get some of their pay in cryptocurrency. They can also choose to have some of their pay go into a cryptocurrency retirement fund.

Every year, the North American Bitcoin Conference takes place in Miami. Vitalik Buterin, a young Russian-Canadian man, first talked about his idea for Ethereum, which he called a decentralized, programmable smart contract blockchain, here in 2014.

People talk about firms and projects.

Yuga Labs is in the lead when it comes to how important Miami is to the Web3 industry. The company is proud to own Bored Ape Yacht Club and CryptoPunks, two of the most popular NFT collections in the world right now. On the OpenSea market for NFTs, they have traded close to or more than 1.6 million ETH worth of NFTs.

Yuga Labs got $450 million from Andreessen Horowitz as part of its seed round. This was part of the $1 billion that was invested in technology companies in Miami-Dade County during the first quarter.

Centralized exchange of digital assets FTX may be the cryptocurrency company with the most obvious physical presence. In April of this year, FTX spent $135 million to change the name of the Miami Heat NBA Arena on Biscayne Boulevard to the FTX Arena.

Udonis Haslem is one of the best players on the Miami Heat, and he has helped them win three NBA titles. He is now a spokesperson for the exchange’s “You In, Miami?” campaign. The two groups have talked about the possibility of working together soon to help more people in Miami-Dade County use cryptocurrency. The FTX corporate headquarters are in the city of Miami, which is in Miami-Dade County.

Crypto city is the ultimate guide to Miami
Crypto city is the ultimate guide to Miami  Image credit by author dfaho.com 

MoonPay is a company that uses financial technology (fintech) and cryptocurrency. Its main office is in Miami. Customers can use debit or credit cards to buy cryptocurrencies and NFTs from the company. After getting $555 million in funding the year before, the company was worth $3.4 billion. It was just said that Universal Pictures and Fox Corporation will use a new NFT platform called HyperMint.

Martin is making a blockchain-based game called Captain Haiti. The game’s money will be made with the BNB Chain platform. The game, which has been downloaded more than 10,000 times, is meant to teach players about things like “play-to-earn,” “tokenization,” and “nonfungible tokens.” Martin also wants to “take back control” of his town from real estate investors by selling a $14 million real estate non-traded trust (NFT). He wants to keep homes in the area from going into foreclosure with the money.

A big reason why Twitter Blue users now have NFT profile pictures is because of QuickNode. It happens in the background, but you shouldn’t forget about it.  The company has finished its Series A investment round, which was led by the venture capital firm Tiger Global and raised a total of $35 million.

STOmarket.com is a place where you can learn about trading security tokens and read news about it. It keeps track of more than 500 initial coin offerings and has a live data feed for trading more than 200 security tokens. STOmarket.com is run by the Security Token Group, which is a new blockchain company in Miami. When you say “risk investments,” you mean putting your money into a new business. In May, the company finished its Series A round of funding, which brought in $3 million.

 

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