NFT stamps issued in Faroe Islands.

Recently, the Faroe Islands released a new series of digital “crypto stamps” which are stored on the blockchain as nonfungible tokens (NFTs) while still serving as actual postage. The Posta Faroe Islands’ official website for issuing postage announced that the autonomous region issued its first collection of crypto stamps called Stamps of Maybe in collaboration with VariusSystems. Each physical stamp has a digital version stored on the blockchain, which allows users to have a say in the creation of the stamp, adding to the rarity. The stamps in the Faroe Islands’ collection are linked to the local Faroese weather station and use real-time weather data at the time of activation to influence how the digital version of the stamps appears. This is not the first time that blockchain technology has been employed by a postal service to create stamps as NFTs and reinvent the idea of stamp collecting, also known as philately. The Netherlands’ PostNL and Austria’s PostAG have also issued NFT crypto stamps.

According to Michael Dorner, the CEO of VariusSystems, many countries worldwide are interested in new use cases of emerging technologies, such as NFT stamps and blockchain technology, and how this digital revolution with decentralized blockchains can help their businesses grow and stay ahead of the curve. Dorner believes that the combination of NFT technology and the legacy of stamp collection creates a “collector 3.0.”

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