Indonesia launches first NFT postage stamp

The Indonesian Nationwide Submit Workplace has launched the nation’s first Non Fungible Token postage stamp depicting the chicken of paradise, Cenderawasih.

On Sept. 27, Indonesia‘s Nationwide Submit Workplace, Pos Indonesia, launched the nation’s first NFT postage stamp to commemorate the 79th anniversary of the Indonesian Submit in Bandung, Indonesia. The mission is completed in partnership with the Indonesian Ministry of Communications and Info.

This marks Indonesia’s first time in making a stamp that makes use of blockchain-based know-how for philately lovers all over the world so as to add to their digital assortment.

The stamp is valued at roughly $9.90 and options the picture of the Cenderawasih chicken, often known as the chicken of paradise. The species is understood for having giant multi-colored feathers and are a native to the Papua island of Indonesia.

In keeping with the Indonesia Submit official account, the NFT stamps are going to be issued in restricted amount and within the type of a booklet.

Director of Pos Indonesia, Faizal Rochmad Djoemadi, defined that the NFT stamp is supposed to be a collector’s merchandise as a substitute of a reputable stamp used for sending packages or letters. He hopes that the creation of NFT stamps will pique the youthful technology’s curiosity in stamp amassing.

“Hopefully younger people who find themselves already native digital can return to amassing stamps however within the type of NFT,” mentioned Faizal to reporters on the launch ceremony.

He added that the stamp may also be issued in a bodily type, in order that collectors can have a bodily copy together with the NFT. The stamp will be purchased by way of the Indonesian Submit’s website by scanning a QR code that can take potential patrons to a Google type hyperlink the place they’ll order the NFT stamp.

With the launch of this product, Indonesia turns into the third nation within the Southeast Asian area to launch NFT stamps. Neighboring nations like Thailand and Malaysia, have already launched their very own digital postage stamps within the type of NFTs.