NFT News: UAE launches its First-ever NFT Stamps

This year, UAE will be celebrating its 50th National Day, with the launch of its first-ever NFT stamps in collaboration with Emirates Post Group (EPG). The EPG is set to launch four distinct NFT stamps on December 2, 2021,  commemorating the Nation’s Golden Jubilee.

According to the TradeArabia News Service, these four dynamic NFT stamps will posses a digital twin on the blockchain, and are set to be sold as digital collectibles linked to its physical stamp counterpart. While the first crypto stamp, “the Golden Jubilee 2021” is said to be a premium edition, containing 1 gram of fine gold, the second stamp is called the “Spirit of the Union – 1971”, symbolizing the establishment of the nation by the founding fathers. Furthermore, the third stamp is “Year of the 50th – 2021”, and the fourth one is “Projects of the 50th 2071” representing the UAE’s futuristic vision.

“In line with EPG’s goal of transforming into a more digital-centered company, we are proud to announce the launch of the first NFT stamp in the region, which utilises blockchain technology. By introducing tradable NFT stamps, we are bridging the gap between traditional stamps and the world of digital cryptocurrency.”, said Abdulla Mohammed Alashram, the Group CEO of Emirates Post Group.

UAE’s NFT Stamps Ascertain Protection from Leaks
EPG considers this collaboration of traditional stamps and futuristic crypto as the company’s first step towards proving its truly “digitally-centered” approach. The crypto stamps portray the nation’s history and milestones, and will be eligible for all three, trade, exchange, and holding. A Buyer will be required to scan the QR code printed on the card to see the digital design linked with it. The stamp contains a locked cryptographic NFC-chip for verification, using a NFC reader. Furthermore, to ensure safety from any unprecedented leaks, every stamp posses a dynamic code hidden behind the card which can be unlocked by scanning the QR code to activate the counterpart on the block chain.

The post NFT News: UAE launches its First-ever NFT Stamps appeared first on Coingape.


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