The state-owned postal service of Indonesia has introduced its first-ever postage stamps with non-fungible token (NFT) counterparts, combining tradition with technology.
POS Indonesia revealed the release of its inaugural NFT stamp featuring "Cenderawasih," which means "birds of paradise."
They revealed that the NFT stamp will have a physical version and an NFT counterpart; the collection will also be released in a booklet. The combination of traditional values with blockchain innovation will attract a lot of enthusiasts.
This introduction of NFT postage stamps comes at a time when interest in NFT is at its lowest.
In September, NFTs hit their lowest sales volume since January 2021. NFT transactions saw a decline in September, to 4.9 million from 7.3 million in August, a 32% decrease.
Earlier worldwide attempts have also been made to revive interest in the traditional stamps by incorporating them with NFTs. Organisations in the UAE, Austria, and Netherlands have launched efforts to combine blockchain technology with traditional stamp collection.
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