Austrian post will adopt a combination of NFT and NFC technology for digital postage stamps.
Austrian postal services recently announced its plans for incorporating near field technology (NFC) chips in Crypto Stamp 3.0. It is the third iteration of its limited-edition NFT postage stamp collectible series.
Austrian Post was the first government-backed institution to launch NFT in the year 2019. The Austrian Post Crypto Stamp has been a winner of numerous awards at the NFT Awards 2020, this includes the “Adoption Potential Award” and the “People’s Choice Award.”
According to the Austrian post office, “For the first time, NFC technology is also being used on an Austrian postage stamp: The Crypto Stamp 3.0 is based on an NFC-supported authenticity check and is cryptographically encrypted. […] By reading out the NFC chip, both the authenticity and the digital twin can be revealed.”
The NFC technology used in the stamps eliminates the need to create an additional scanning app to verify ownership of the NFT postage stamp, according to the Austrian Post.
The adoption of NFC technology is a major step in adding even more intuitive features to future NFT postage stamp iterations, according to Stefan Nemeth, head of product management and e-business branches at Austria’s postal service.
The market value of Crypto Stamp 3.0 is currently 9.90 euros ($12), with a total circulation of 100,000 stamps. You can start registration for preordering the NFT stamp in June.
Postal services in other jurisdictions have started their NFT postage tokens since Austrian Post debuted its NFT postage stamps. Earlier in March, Coinsilium a crypto startup formed a partnership with Gibraltar Philatelic Bureau to issue NFT postage stamps.
While the United States Postal Service certified CaseMail’s postage NFTs back in April, according to Cointelegraph.