Faroe Islands postal service issues NFT-embedded stamps

The Faroe Islands person issued a caller bid of integer stamps deemed “crypto stamps” with a integer copy, successful the signifier of a nonfungible token (NFT), stored connected the blockchain portion inactive serving arsenic existent postage. 

The Posta Faroe Islands’ authoritative website for issuing postage announced connected June 23 that the autonomous portion issued its archetypal postulation of crypto stamps called Stamps of Maybe successful collaboration with VariusSystems. 

Stamps of Maybe crypto stamps from the the Posta Faroe Islands. Source: the Posta Faroe Islands

According to the postal service, each carnal stamp has a integer mentation which is stored connected the blockchain and allows users to person a accidental successful the instauration of the stamp, which adds to the rarity. 

Michael Dorner, the CEO of VariusSystems said aft attending a acme with the Universal Postal Union astatine the United Nations, helium could spot countries astir the satellite are funny successful caller usage cases of emerging technologies.

“We felt an tremendous involvement not lone successful the NFT stamps but successful blockchain technology… and however this integer gyration with decentralized blockchains tin assistance their businesses turn and enactment up of the curve.”

The stamps successful the Faroe Islands’ postulation are linked to the section Faroese upwind station, Veðurstova Føroya, and usage real-time upwind information astatine the clip of activation to power however the integer mentation of the stamps appears. 

Related: German quality work launches dog-themed NFTs to fetch cyber talent

This is not the archetypal time blockchain exertion has been employed by a postal work to heighten stamps arsenic nonfungible tokens (NFTs) and reinvent the thought of stamp collecting, besides known arsenic philately.

The Netherlands’ PostNL and the Austrian Post Office (PostAG) some person issued NFT crypto stamps. PostAG's archetypal editions launched successful 2019 connected the Ethereum blockchain, with different iteration successful 2021 with near-field connection (NFC) spot functionality for further verification possibilities.

At the clip Dorner told Cointelegraph that the operation of NFT exertion and the bequest of stamp postulation creates a “collector 3.0.”

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