Pos Indonesia, the state-owned postal service, recently launched its first NFT postage stamps, blending tradition with blockchain technology. Announced via Instagram, the stamps feature 'Cenderawasih,' or the bird of paradise, with both physical and NFT versions available. The collection will also be released as a booklet. This initiative reflects Indonesia's growing interest in Web3, with financial authorities planning a regulatory sandbox for crypto assets by early 2025 to combat fraud.
Although the NFT market has seen a decline, with sales dropping to $296 million in September 2023—an 81% fall from March—Pos Indonesia joins a trend started by countries like the UAE, Austria, and the Netherlands, which have previously introduced NFT stamps to revive interest in stamp collecting.