Thailand Post issues country first crypto stamps

Thailand Post issues country first crypto stamps

Thailand Post began issuing its first collectible crypto stamps on Monday, 1 August 2022, Thailand Post president Danan Suphatthaphan said.

Dr. Dhanant Subhadrabandhu, CEO of Thailand Post Co., Ltd., said that on the occasion of Thailand Post’s 140th anniversary, which also marks the appearance of the first Thai stamp, Thailand Post has created a special issue of stamps which are a new experience in the world of philately, “crypto-stamps”, to be produced in a limited print run of only 50,000 items. It is uniquely possible to use the code printed on the stamps to register for ownership of a special collection of NFTs made by the community of Thailand’s leading NFT artists.

The NFT designs combine distinctive characters for images on the stamps, with elements symbolic of postal activity such as red color, line art, post boxes and logos to communicate the cooperation between Thailand Post and the NFT community. This has been issued as 50,000 items of NFT Stamps which are each individually different and unique, marking the first launch of regular stamps alongside virtual stamps stored in the block chain, while the denominated purchase value is the same as the traditional stamps. It is a new page of history for Thailand Post to go beyond physical stamps into the digital world.

The “crypto-stamp” set will be printed as self-adhesive stickers with a scratch code to register receipt of the associated NFT, while it is still possible to use the stamp for postage in the Thailand Post system with a denomination of 140 baht. NFT stamps have also been issued in countries such as Austria, Switzerland, United Arab Emirates (UAE) and the Netherlands.