
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.
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The CityCoins project on Stacks is getting added functionality through 11 new startups from the Stacks Ventures project incubator.
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The Philadelphia city government is enthusiastic about exploring a partnership with CityCoins to help boost its treasury with cryptocurrency.
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“We’re glad to welcome you to the global home of Web3!” said crypto-friendly Mayor-elect Eric Adams in response to CityCoins’ roll out of the NYCCoin this week.
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