United Arab Emirates (UAE) issues first NFT. Read all you are expected to know about uae issues first NFT stamps in the middle east.
The United Arab Emirates (UAE) postal operator is issuing nonfungible token (NFT) stamps. To commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally.
Emirates Post Group, or EPG for short, announced this week that. It has become the first postal organization in the Middle East and North Africa to issue digital-collectible stamps.
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A total of four uae issues first NFT stamps, each with a distinct design consisting of a national theme, will be issued. Buyers will be able to see the digital design linked to the physical stamp they purchase after scanning a QR code printed on the card.
To activate the digital collectible on the blockchain. Users must scan a QR code hidden behind the card. EPG CEO Abdulla Mohammed Alashram told Cointelegraph that embracing NFTs aligns with the company’s vision of becoming more digitally oriented.
In the wake of the COVI-19 pandemic. EPG is “exploring how the implementation of blockchain technology can streamline and enhance our operations. And introduce other competitive advantages.”
When asked whether the NFT stamps are a one-off foray into blockchain or part of a broader strategy. To embrace the new technology, Alashram said EPG plans to launch more digital stamps in the future:
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