New York City plans to issue the world's first Bitcoin-backed municipal bonds by 2025, as announced by Mayor Eric Adams at the Bitcoin 2025 event. This groundbreaking initiative represents a significant step in merging traditional finance with the burgeoning Web3 sector, showcasing Wall Street's growing acceptance of cryptocurrency innovations. The bonds are expected to draw interest from both financial and crypto sectors, underscoring NYC's dedication to incorporating blockchain technology into its financial systems.