Faroe Islands postal service issues NFT-embedded stamps

The Faroe Islands have released a brand-new series of digital stamps deemed “crypto stamps” with a digital copy, in the type of a nonfungible token (NFT), kept on the blockchain while still working as actual postage. The Posta Faroe Islands main site for issuing postage revealed on June 23 that the self-governing region provided its very first collection of crypto stamps called Stamps of Maybe in partnership with VariusSystems. Stamps of Maybe crypto stamps from the Posta Faroe Islands. Source: the Posta Faroe IslandsAccording to the postal service, each physical stamp has a digital variation which is stored on the blockchain and enables users to have a say in the production of the stamp, which includes to the rarity. Michael Dorner, the CEO of VariusSystems stated after attending a top with the Universal Postal Union at the United Nations, he could see nations all over the world are interested in brand-new usage cases of emerging innovations. “We felt a massive interest not only in the NFT stamps however in blockchain technology … and how this digital revolution with decentralized blockchains can help their businesses grow and remain ahead of the curve.” The stamps in the Faroe Islands collection are linked to the local Faroese weather condition station, Veðurstova Føroya, and utilize real-time weather condition information at the time of activation to influence how the digital variation of the stamps appears. Related: German intelligence service launches dog-themed NFTs to fetch cyber talentThis is not the very first time blockchain technology has actually been used by a postal service to enhance stamps as nonfungible tokens (NFTs) and reinvent the concept of stamp collecting, also referred to as philately.The Netherlands PostNL and the Austrian Post Office (PostAG) both have actually provided NFT crypto stamps. PostAGs very first editions released in 2019 on the Ethereum blockchain, with another version in 2021 with near-field communication (NFC) chip performance for additional verification possibilities.At the time Dorner told Cointelegraph that the combination of NFT technology and the legacy of stamp collection develops a “collector 3.0.” Magazine: Holy shit, Ive seen that!– Coldies Snoop Dogg, Vitalik and McAfee NFTs: NFT Creator