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Crypto-Collectible Stamps: The United Arab Emirates’ Innovative Leap into the Blockchain World.
The Revolutionary Stamping Ground: United Arab Emirates
Have you ever wondered what the world’s priciest contemporary postage stamp might look like? The answer lies in an exquisite limited edition crypto stamp crafted in the forward-thinking United Arab Emirates (UAE). Its monetary value will be revealed shortly, but first, let’s understand the revolutionary journey that led to the creation of this unique digital artifact.
Known for its advantageous tax regimes and progressive economic strategies, the UAE has become a magnet for many crypto organizations. As this shift towards digital currencies becomes more evident, the Emirates cleverly seeks to bridge the gap between the traditional postal system and the digital future.
Making a surprising leap forward, the post office announced its innovative foray into digital collectible stamps, becoming the first in the Middle East and North Africa to do so. Intrigued by this pioneering move, we met with the CEO of Emirates Post Group, Abdullah Mohammed Al-Sharam, who shed light on this transformation.
The initial release was a groundbreaking concept: a physical and digital counterpart of the same stamp. Each of these limited and serialized collections came with a unique theme. The standout was the ‘Golden Jubilee’, celebrating the UAE’s 50th anniversary with a one-gram gold piece, limited to 2021 pieces.
The Priciest Stamp in the World: The Golden Jubilee Crypto Stamp
So, how much does this exclusive stamp cost? Fasten your seat belts! The ‘Golden Jubilee’ stamp carries a price tag of 2021 dirhams, or around $550. The other three NFT (Non-Fungible Token) collections are available for 250 dirhams or about $68 each, purchasable directly from their website.
Despite the practicality of these NFT stamps for mailing postcards, one might think twice before entrusting several hundred dollars to the postal service. But rest assured, this isn’t just a one-time blockchain exploration. Al-Sharam reaffirmed this was just the beginning of their broader blockchain strategy.
What sets these Arab stamps apart from other NFTs in the market is their practical value. These aren’t mere digital images sold for an inflated price; they symbolize the progressive vision of the UAE, as outlined in the Emirates Blockchain Strategy 2021.
This ambitious strategy elevates blockchain technology to an official medium within the state’s administration, positioning the UAE as a leading global crypto hub. Stay updated with us at Cointelegraph for the latest on crypto innovation emerging from this forward-thinking nation.
