In our coverage of the eMerge Americas 2022, the singer “Pitbull” appeared to give his opinion on the arrival of the crypto environment in Miami. Together with him, we listened to the words of Mayor Francis Suárez, including the business perspective of Lin Dai, co-founder and CEO of OneOf.com .
For those who do not know, OneOf it is a digital art platform that seeks to collecting collectible items of singers (musics), among others.
We witnessed the “encouraging” positions of the panelists regarding the growth of the crypto industry in Miami, giving a space to artists from different media.
Miami as a “technological” city
In the first instance of the panel, the guests expressed their support for the crypto environment, considering the possibility of participating in new projects. While Mayor Francis Suarez highlighted Miami as a “technological” city, with more investors in blockchain technology, Lin Dai told his experience.
Dai was “attracted” by the legal environment that Miami offers to crypto enthusiasts. He clarified that he “moved” to this city, from New York, because he sees a real potential in the local government’s approach to digital assets.
For his part, singer Armando Pérez, better known as “Pitbull”, showed his perspective of what happens with the technological environment. “We’re talking about Miami being the new capital for technology in, basically, the whole world,” he mentioned.
Support for NFTs
Suárez spoke about how he envisions an increase in projects of this type in the region. “It’s unpredictable, but I think you can predict some macro things becoming possible,” he said about it.
He emphasized the “need” to “take advantage of the opportunities” presented by the ecosystem to bring benefits to the economy. This, while taking into account the “competition” factor with other relevant cities in this aspect, such as New York and San Francisco.
The singer Pitbull took the opportunity to praise the development of the world of NFTs, alluding to the fact that it is a place where “people are very creative,” according to reports Metaverso247.com .
Regarding Web3, Dai was very enthusiastic about its progress. He assures that this sector is “the new wave” in the “engine power” of the economy. He complemented this vision by pointing out the contribution of more jobs that are already being generated.
Taxes on the blockchain?
From the representation of the US government, the mayor commented that there are a variety of perspectives that the authorities could take in this case. “I think the sky’s the limit, in terms of how the government can use this,” he said.
However, he stressed his belief that the use of smart contract systems would help the entire community, streamlining processes “that take more time.” He made it clear that, taking into account Miami as a “technological” city, the government is an organism that constantly “expands and contracts”. This, referring to a panorama of mixed decisions.
The risk is present
The 3 panelists are aware of the risk that could arise in the same volatility of the digital markets. They consider it prudent to have a “realistic” perception about what these types of values hold.
At one extreme, Francis Suárez asserted that the environment of cryptocurrencies and NFTs is “scary”, keeping in mind that, apart from profits, there are also losses.
Apart from the local president, the singer Pitbull has a more “extensive” vision of this situation. The moment he recognizes the existence of the risks, he also feels “sure” of the sector’s capabilities to generate “prosperity”. “We took the risk, but it’s a good initiative,” he added.
Dai assured that the risk performance in blockchain technology is based on “breaking rules”. This, while expressing his admiration for the growth of those digital platforms, which precisely “risked” losing, but “emerged”.
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