The postal service made the announcement on Instagram, writing, “PosIND, as the largest postal company in Indonesia, has launched the first NFT stamps in the country. The stamps, featuring the image of a bird of Cenderawasih, are issued in limited quantities.
“This inaugural NFT stamp in Indonesia will be released in the form of a booklet. This NFT stamp is a groundbreaking innovation that combines the traditional value of stamps with advanced blockchain technology, making it a valuable potential digital asset for philately enthusiasts.”
The stamp comes as more countries are launching NFT stamps to add a new dimension to the age-old hobby of philately (stamp collecting). Ghana did so to honor the ceremonial ruler of the Ashanti people, and various countries in Europe have debuted digital stamps with large degrees of success. It is a real-world use of NFTs that has gained traction even as the larger market has stumbled.
The stamp also shows Indonesia’s growing interest in Web3 technology. In 2023, financial authorities in the country announced plans to establish a “regulatory sandbox” by 2025 that would curtail crypto fraud while allowing for innovation. Time will tell if the Pos Indonesia NFT stamp succeeds but there’s no doubt the country is bullish on Web3 tech.
U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…
The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…
Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…
A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…
Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…
A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…