UAE issues the region’s first NFT stamps celebrating 50th National Day

    Emirates Post Group (EPG) announced on November 28 the first in the region issuance of non-fungible token (NFT) stamps in commemoration of the UAE National Day 2021. Each of the four NFT stamps carries a distinct design centered on the UAE national theme.

    The set of four different NFT stamps will be released on December 2, To mark the UAE’s Golden Jubilee, the press release says. The NFT stamps will have a digital twin in the blockchain and will be sold as digital collectibles linked to their physical stamp counterpart.

    The first one is a premium edition that contains a gram of fine gold titled “The Golden Jubilee 2021,” which will cost Dh2,021 each.

    The second stamp, called the “Spirit of the Union – 1971,” symbolizes the national establishment by the founding fathers. Finally, the third stamp is “Year of the 50th – 2021,” while the fourth design is “Projects of the 50th 2071,” representing the UAE’s futuristic vision. These three stamps are priced at Dh250 per piece.

    (Source: https://www.khaleejtimes.com/uae/uae-national-day-emirates-post-to-issue-4-unique-nft-stamps )

    Buyers will only get to see the digital design linked to the physical stamp after scanning the QR code printed on the card’s front side. The stamp contains a locked cryptographic NFC chip for verification using any smartphone with an NFC reader.

    Each stamp includes a unique code hidden behind the card, which can be unlocked by scanning the QR-code to activate the counterpart on the blockchain. Users who already have a digital crypto wallet can connect it with the NFT or add the digital twin as a collectible.

    “We have been working to establish a strong technology infrastructure in our business, and this new generation of stamps is a testament of our capabilities and efforts to transform into a more digitally-centered company to better serve our customers,” said Abdulla Mohammed Alashram, group CEO of Emirates Post Group. “We will launch the stamps on December 2, 2021, in honor of the country’s 50th National Day. NFT enthusiasts will be able to collect, exchange and trade our stamps, which also promote the story and milestones of the UAE.”

    The NFT stamps, or crypto stamps, have digital counterparts stored in the blockchain and can be collected, traded, or used for online exchange like other digital tokens. The stamps will be available for purchase at www.epgnft.ae starting from December 2, 2021.

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