- The Faroe Islands have unveiled NFT-linked postal stamps that give collectors control of the stamp creation process
- Known as Stamps of Maybe, the collectibles connect the physical with the virtual stamps effectively joining the phygital movement
- The collection was created in partnership with VariusSystems which said it believes in NFTs and blockchain technology as whole
The Faroe Islands have unveiled NFT-linked postal stamps that give collectors control of the stamp creation process. Known as Stamps of Maybe, the collection revolves around the four seasons and connects physical with the virtual stamps effectively joining the phygital movement. The collection was created in partnership with VarousSystems which said it believes in NFTs and everything blockchain technology has to offer.
NFT Numbers Replace FO Numbers
Issued by the country’s postal service, Posta Faroe Islands, the NFT stamps won’t feature the “FO numbers” as with physical stamps since they’ll have unique “NFT numbers.” The collection’s website notes that collectors can “take control, not only of their own stamps but also of the availability and rarity values in the market.”
According to VariusSystems CEO Michael Dorner, the islands’ move reflects an interest by countries to explore the blockchain world. He added that his company is interested in what blockchain technology can do, including how it can be a revolutionary force in the business world.
Since the stamp NFTs revolve around the island’s four seasons, the collectibles are also linked to real-time weather information so that each stamp represents the current season.
Australia and the Netherlands also have NFT Stamps
This isn’t the first postal service to issue NFT stamps. Austria’s and the Netherlands’ postal services, for example, have active stamp-based NFT collections.
While the Faroe Islands is exploring the blockchain space through NFTs, the island country of Tuvalu has expressed plans to explore the decentralized world by building its duplicate in the metaverse. Other countries like China and Japan have also disclosed various projects powered by blockchain technology.
While the Faroe Islands’ move adds to countries exploring the web3 world, it’s yet to be seen how many of those nations will embrace cryptocurrencies.
