UAE introduces first NFT stamp in Middle East

The United Arab Emirates (UAE) Post Office plans to announce NFT (Non-Fungible Token) food stamps to commemorate the 50th anniversary of the founding of the United Arab Emirates. This proves that digital literature is growing in popularity around the world.

The Emirates Post Group (EPG) announced this week that it has become the leading provider of digital postage in the Middle East and North Africa. The new food stamps will be unveiled on public holidays on December 2, and digital products will be integrated with actual products.

We provide a total of 4 stamps with unique designs that match the theme of the National Day. When customers print a QR code printed on the card, they see the digital print on the stamp they are purchasing. To activate digital devices on the blockchain, users need to scan a QR code on the back of the card.

EPG CEO Abdulla Mohammed Alashram told Cointelegraph that core NFTs are in line with the company's vision for digital transformation. In the wake of this new virus, EPG "explores how the use of blockchain technology can simplify and improve our operations and introduce other benefits."

When asked if the NFT stamp is a unique experiment on the blockchain or as part of a larger strategy to retain new technology, Alashram said EPG plans to launch more digital payments in the future. . .

“The demand for the most advanced technology in our industry is also aimed at meeting the needs of tech enthusiasts who love digital services. By building a bridge between traditional postage and the digital world, we will continue to work hard to produce. No more NFT stamps. "

The UAE has become a secure and stable platform for blockchain technology and digital assets, and local regulators have pushed the process of valuing cryptocurrencies forward. In September, the city government introduced a new law to encourage cryptocurrency trading and other activities in the Dubai Free Economic Zone, which could open the door for further adoptions and innovations in the emirate. .

At the end of October, the Dubai Financial Institution (also known as DFSA) clarified the environmental rules known as capital tokens. This framework is designed to provide a clear legal framework for investors and traders.