Pos Indonesia Launches First NFT Stamp

Pos Indonesia, the national postal service of Indonesia, has introduced its first stamp featuring a unique Non-Fungible Token (NFT). This innovative move combines classic philately with modern blockchain technology. The launch was announced via Pos Indonesia’s official Instagram page.

The First NFT Stamp: “Cenderawasih”

The inaugural stamp’s theme is “Cenderawasih” which is the Indonesian name for the bird-of-paradise. The stamp will be available in both physical and digital NFT versions. Additionally, Pos Indonesia will release this stamp in a special booklet format, catering to both collectors and tech enthusiasts.

Indonesia Embracing Web3 Technology

This launch reflects Indonesia’s increasing engagement with Web3 technologies and blockchain innovation. In March 2023, Indonesian financial authorities announced plans to establish a regulatory sandbox for crypto assets by early 2025, aiming to prevent fraud in the crypto industry.

Global Decline in the NFT Market

The introduction of the NFT stamp comes at a time when global interest in NFTs is waning. In September 2023, NFT sales hit a record low of $296 million, down 20% from August and a staggering 81% from the peak of $1.6 billion in March 2023. There was, however, a 32% growth from August to September.

Blockchain and Stamps: A Global Trend

Despite the declining interest in NFTs, Pos Indonesia is betting on the fusion of tradition and technology, much like other postal services worldwide. In 2021 and 2022, organizations in countries like the UAE, Austria, and the Netherlands launched NFT stamps to revitalize interest in philately.

The UAE, for instance, issued a stamp containing 1 gram of gold along with an accompanying NFT version in June 2022 to mark its 50th anniversary. Now, Pos Indonesia is joining this global trend and moving towards digital collectibles.

Sentiment: Positive