Resolution 2022-32084RESOLUTION NO.,; 2022-32084
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA AURTHORIZING THE HOSTING, OF
A CRYPTO BUSINESS THOUGHT LEADERSHIP EVENT, IN AN
AMOUNT NOT TO EXCEED $10,000, TO BE HELD ON APRIL,5, 2022.
WHEREAS, the Bitcoin Conference 2022 is the world's largest Bitcoin gathering
taking place in the Miami Beach Convention Center on April 6-9, 2022 and will bring
together over 35,000 Bitcoiners, with a goal to accelerate hyperbitcoinization; and
WHEREAS, the Administration seeks to .leverage the indirect partnerships and
resources, generated by Bitcoin 2022 presence in Miami Beach, -to cultivate relationships
with and grow the interest of technology and .financial services industries to and within
Miami Beach; and
WHEREAS, the Administration has a unique opportunity to showcase current
programs, policies and incentives; engage with business'owners, entrepreneurs, investors
and thought leaders; research and participate in identifying trends; and marketing Miami
Beach; and
WHEREAS, at the request of Commissioner Samuelian, the Administration was
introduced and met with Jalak Jobanputra, founding partner of Future\Perfect Ventures,
who offered to participate in a thought-leadership/author discussion (the "event") with
Crypto journalist Laura Shin and to include approximately 100 tech startups,
entrepreneurs, thought leaders and government leaders; and
WHEREAS, the tentative event location is Sky Yard at Lincoln Eatery and
expenditures will not exceed $10,000 for venue, audio/visual and food services; and
WHEREAS, the economic benefit of the event is the access to the diverse
technology audience who value Ms. Jobanputra and Ms. Shin's experience and unique
understanding of crypto and blockchain technology; and
WHEREAS, this is an opportunity for Miami Beach to be a catalyst for explorative
conversations, and to distill complicated crypto concepts into an accessible narrative so
the public can understand more about Bitcoin, Ethereum, and blockchain
technology/crypto.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby authorizing the hosting of a crypto business thought leadership
event, in an amount not to exceed $10,000, to be held on April 5, 2022.
PASSED and ADOPTED this 9 day of 111%1-C4, 2022
ATTEST:
MAR 1 4 2022,
Rafael Ef Granado, City Clerk
Dan Gelber, Mayor ED AS TO
FORM & LANGUAGE
& FOR EXECUTION
ozf_ _ - 22
3 3 �
City Attomey I? f) -Z Date
Resolutions - C7 AA
MIAMIBEACH
COMMISSION MEMORANDUM_
TO: Honorable Mayor and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: March 9, 2022
SUBJECT. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THECITY OF MIAMI BEACH, FLORIDA
AUTHORIZING THE HOSTING OF A CRYPTO BUSINESS THOUGHT LEADERSHIP EVENT, IN AN AMOUNT
NOT TO EXCEED $10,000, TO BE HELD ON APRIL 5, 2022.
RECOMMENDATION
The Administration recommends approval of the Resolution.
BACKGROUNDIHISTORY
The Bitcoin 2022 Conference (Bitcoin 2022) will take place on the Miami Beach Convention Center campus on April 6-9, 2022. The
conference is the world's largest Bitcoin gathering featuring the best and brightest leaders in the cryptocurrency industry. The Bitcoin
2021 Conference was the biggest Bitcoin event in history with a sold -out crowd of 12,000 attendees. Bitcoin 2022 will bring together
over 35,000 global Bitcoiners, with a goal to accelerate hyperbitcoinization.
The Administration is actively participating in Bitcoin 2022 including sponsoring an exhibition booth, a mayoral welcome and a potential
outdoor activation for key technology leaders and influencers to coincide with public relations and marketing promotion to highlight
Miami Beach's business programs and amenities.
Additionally, the Administration seeks to leverage the indirect partnerships and resources, generated by Bitcoin 2022 presence in
Miami Beach, to cultivate relationships with and grow the interest of technology and financial services industries to and within Miami
Beach. The Administration has a unique opportunity to showcase current programs,, policies and incentives; research and participate
in identifying trends; marketing Miami Beach and engage with business owners, entrepreneurs, investors and thought leaders on the
Miami Beach Convention Center campus and beyond.
ANALYSIS
At the request of Commissioner Samuelian, the Administration was introduced and met with Jalak Jobanputra, founding partner of
Future\Perfect Ventures, an early stage venture capital fund originally based in New York City and now local to Miami Beach.
Future\Perfect Ventures (FPV) is focused on next generation technology such as blockchain and machine learning. FPV's portfolio
includes Abra, Open Garden, Blockstream, Bitpesa, FuseMachines, Evededger and Blockchain. Ms. Jobanputra was an Institutional
Investor's Top Fintech Dealmakers awardee in 2017 and 2016, and in 2017, she was cited as a "Top 5 Investor Powering the
Blockchain Boom" and CB Insights noted FPV as one of the top VC funds in blockchain "before it was cool". Since founding FPV,
she has spoken on blockchain technology at many global conferences, including the Milken Global Institute, Dutch Development
Bank/FMO annual meeting, and The Economist Buttonwood Gathering.
An active supporter of education and social entrepreneurship, Ms. Jobanputra offered to participate in a thought-leadership/author
discussion (the "event") on the eve of Bitcoin 2022. The event would feature Laura Shin, journalist, podcast host, and author of the
newly released The Cryptopians — a story of the idealists, technologists, and opportunists fighting to bring cryptocurrency to the
masses. Ms. Shin is a sought-after guest speaker for leading technological and cultural podcasts, events, and conferences around
the world. She was an invited contributor to TEDx San Francisco, CME's Global Financial Leadership Conference, the IMF,
Singularity University, and more. A Stanford University and Columbia University graduate, Ms. Shin has over twenty years of financial
journalism experience and is a key storyteller of cryptocurrency which led to her spearheading the first Forbes Fintech 50 list.
The event will include approximately 100 tech startups, entrepreneurs, thought leaders, inspiring young blockchain savants and
government leaders and invite them to participate in Ms. Jobanputra's interview of Ms. Shin. A key component to the event is to host it
in a location in the Convention Center neighborhood to ensure attendees of Bitcoin 2022 can attend easily. The tentative location of
the event is Sky Yard, within the Lincoln Eatery. The cost of the event, for the city, will not exceed $10,000 and the cost may be
shared with other potential partners including the Beacon Council.
The economic benefit of the event is the access to the diverse technology audience who value Ms. Jobanputra and Ms. Shin's
experience and unique understanding of crypto and blockchain technology. This is an opportunity for Miami Beach to be a catalyst for
explorative conversations, and to distill complicated crypto concepts into an unbiased, accessible narrative so the public can
understand everything from Bitcoin, Ethereum, blockchain technology/crypto, and non -fungible tokens (NFTs).
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION
Expenditures will not exceed $10,000 for venue, audio/visual and food services.
CONCLUSION
The Administration is confident that this event is an ideal occasion for Miami Beach to step out as an innovative leader and a
destination for tech businesses interested in :being bold, daring, and courageous to think, work and live outside the box More
importantly, it is a fitting moment to speak directly to our strategically targeted tech industry.
Applicable Area
Citywide
Is this a "Residents Right Does this item utilize G.O.
to Know" item, pursuant to Bond Funds?
City Code Section 2-14?
No No
Strategic Connection
Prosperity - Revitalize targeted areas and increase investment.
Legislative Trackina
Economic Development
S onsor
Commissioner Mark Samuelian
ATTACHMENTS:
Description
❑ Resolution