Indonesia launches its first NFT stamps

The non-fungible token market, which had become oversaturated with low-quality projects and speculative investments, leading to a loss of confidence among investors and enthusiasts, has begun to regain a foothold in various sectors. This time around, NFT technology is finding real-life use cases to revitalize services and delivery. Indonesia leveraged this new technology to launch its first NFT stamps.

Indonesia launches first NFT stamps

In a recent Instagram post, the Indonesian National Post confirmed the launch of the country’s first NFT postage stamp. The Indonesian Postal Service launched its project on its 79th anniversary in Bandung, Indonesia. The Indonesian National Post has partnered with the Indonesian Ministry of Communications and Information to launch its new NFT stamps.

According to the site’s post, the new NFT postage stamps are worth around $9.90 and feature 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 island of Papua in Indonesia. In a brief press conference after the launch, Faizal Rochmad Djoemadi, director of Pos Indonesia, explained that the new NFT stamps are specially designed for mail senders and will replace the legitimate stamp initially used for sending parcels or letters .

Djoemadi firmly believes that the creation of NFT stamps will spark interest among the younger generation in stamp collecting and, in turn, generate more interest in the country. He added that the stamp will also be issued in physical form so that collectors can have a physical copy along with the NFT. Before the summer, the top executive emphasized that NFT stamps would reduce fake stamps in the mail portal sector.

Indonesia joins Thailand and Malaysia in NFT adoption

Meanwhile, the NFT stamp can be purchased on the Indonesia Post website by scanning a QR code that will direct potential buyers to a Google form link, where they can order the number of NFT stamps they need. This new NFT stamp marks the first time Indonesia has created a stamp using blockchain-based technology. Indonesia joins Southeast Asian countries like Thailand and Malaysia, which have already released digital postage stamps as NFTs.

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