News Digest

Art and crypto: a marriage made in Miami

For decades, tech investors have been the elusive unicorns that the art market has been chasing. Now, thanks to NFTs—the Trojan horses of crypto—the worlds of art and tech are beginning to merge. And with fintech firms flocking to sunny, low-tax South Florida, Miami is fast becoming an NFT collecting hotspot.
This is in large part down to Miami’s Bitcoin evangelist mayor Francis Suarez, who, over the past year, has been vociferously courting tech employees and investors from the Bay Area and East Coast. The viral moment came last December when the venture capitalist Delian Asparouhov tweeted: “ok guys hear me out, what if we move silicon valley to miami”? “How can I help?” Suarez fired back. This week, the mayor is doing his bit to build bridges with the art world, taking part in a symposium yesterday, NFT BZL, which examined the convergence of culture with the blockchain.

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