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Genesis

Adidas

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Pos Indonesia, the country’s state-owned postal service, has taken a bold step into the digital age by introducing its first-ever postage stamps with non-fungible token (NFT) counterparts. This innovative initiative was announced on their official Instagram account, showcasing a unique stamp featuring the “Cenderawasih,” or bird of paradise. 
Each NFT stamp will have a corresponding physical version, and the collection will also be available as a booklet. Pos Indonesia aims to merge traditional stamp collecting with the exciting world of blockchain technology, hoping to attract both collectors and digital enthusiasts alike. 
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This launch reflects Indonesia’s growing interest in the Web3 space. Earlier this year, financial authorities announced plans to establish a regulatory sandbox for crypto assets by early 2025, aiming to safeguard against fraud while fostering innovation. 
Interestingly, Pos Indonesia’s move comes at a time when the NFT market is experiencing a downturn. September marked the lowest monthly sales dropping to $296 million.&nbsp; 
This figure represents a significant 20% decline from August and an 81% drop from the peak sales in March, which reached $1.6 billion. The number of NFT transactions also saw a decrease, falling from 7.3 million in August to 4.9 million in September. 
While NFT postage stamps are not entirely new—previous initiatives in the United Arab Emirates, Austria, and the Netherlands sought to revive traditional stamp collecting through digital innovation—Pos Indonesia’s effort adds a fresh perspective to this trend.&nbsp; 
In 2022, the UAE launched a unique stamp embedded with gold and its own NFT version, while PostNL and the Austrian Post Office also explored similar ideas at blockchain expos. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/09/24/stepn-go-and-adidas-launch-genesis-nft-sneakers-on-solana/" target="_blank" rel="noreferrer noopener">StepN Go and Adidas Launch Genesis NFT Sneakers on Solana</a> 
</blockquote>

Pos Indonesia Launches NFT Stamps Featuring Bird of Paradise

The Crypto Times

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