365Crypto
Stamp collectors should start creating wallets to hold the NFTs associated with stamps.
Introduction of NFT Stamps
Pos Indonesia, the country’s state-owned postal service, has launched its first postage stamps with a digital twist — NFT (non-fungible token) counterparts. The first stamp in this series features the “Cenderawasih” (bird of paradise) design. Both a physical version and an NFT version of the stamp will be available, with the collection also released in a booklet.
Combining Tradition and Blockchain
The postal service aims to merge traditional stamp collecting with blockchain technology, appealing to both stamp enthusiasts and digital collectors. This launch reflects Indonesia’s growing involvement in the Web3 space, following the government’s announcement of a crypto regulatory sandbox set for 2025 to help combat fraud.
NFT Market Trends
Despite Indonesia’s NFT stamp launch, interest in NFTs has significantly declined. In September, global NFT sales dropped to $296 million, the lowest since January 2021, and transactions fell by 32% compared to August.
Global NFT Stamp Initiatives
NFT stamps are not a new concept. In recent years, postal services in the UAE, Austria, and the Netherlands have also experimented with NFT stamps. Notably, the UAE released a gold-embedded stamp with an NFT version in 2022, commemorating its 50th anniversary.
