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Home»NFT»Indonesia launches first NFT stamp
NFT

Indonesia launches first NFT stamp

2024-09-30No Comments2 Mins Read
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Indonesia’s National Post Office has launched the country’s first Non Fungible Token stamp, depicting the bird of paradise Cenderawasih.

On September 27, Indonesia’s National Post Office, Pos Indonesia, launched the country’s first NFT stamp to commemorate the 79th anniversary of the Indonesian Post in Bandung, Indonesia. The project is carried out in collaboration with the Indonesian Ministry of Communications and Information.

This is the first time that Indonesia is creating a stamp using blockchain-based technology, allowing philately enthusiasts around the world to add it to their digital collection.

The stamp is valued at approximately $9.90 and features the image of the Cenderawasih bird, also known as the bird of paradise. The species is known for its large multi-colored feathers and is native to the Papua island of Indonesia.

According to the official report from the Indonesia Post, the NFT stamps will be issued in limited editions and in booklet form.

You might also like: Indonesia enters the top 3 countries by crypto adoption, replacing Vietnam: Chainalysis

Pos Indonesia Director Faizal Rochmad Djoemadi explained that the NFT stamp is intended as a collectible rather than a legitimate stamp used to send packages or letters. He hopes that the creation of NFT stamps will spark the younger generation’s interest in stamp collecting.

“Hopefully, young people who are already comfortable with digital can return to stamp collecting, but in the form of NFT,” Faizal told reporters at the launch ceremony.

He added that the stamp will also be released in physical form so that collectors can have a physical copy along with the NFT. The stamp can be purchased through the Indonesian Post website by scanning a QR code that will take potential buyers to a Google form link where they can order the NFT stamp.

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With the launch of this product, Indonesia becomes the third country in the Southeast Asian region to launch NFT stamps. Neighboring countries such as Thailand and Malaysia have already released their own digital stamps in the form of NFTs.

Read more: https://crypto.news/nft-bubble-burst-monthly-sales-transactions-crash/

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