Faroe Islands postal service issues NFT-embedded stamps

The Faroe Islands have issued a new series of digital “crypto stamps,” with a digital copy stored on the blockchain as a nonfungible token (NFT) while still serving as actual postage. 

On June 23, the Posta Faroe Islands’ official website for issuing postage

This is not the first time blockchain technology has been employed by a postal service to create stamps as NFTs and reinvent the idea of stamp collecting, also known as philately.

The Netherlands’ PostNL and Austria’s PostAG have also issued NFT crypto stamps. PostAG’s first editions launched in 2019 on the Ethereum blockchain, with another iteration in 2021 adding near-field communication chip functionality for additional verification.

At the time, Dorner told Cointelegraph that the combination of NFT technology and the legacy of stamp collection creates a “collector 3.0.”

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