The United Arab Emirates has adopted a good approach towards crypto. Now, its communication operator is supply NFTs to commemorate National Day.
The United Arab Emirates’ communicating operator is issue nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, providing more proof that digital collectibles are gaining thought attractiveness globally.
Emirates Post cluster, or EPG for brief, proclaimed in the week that it's become the primary communicating organization within the Near East and North Africa to issue digital-collectible stamps. The new stamps, which is able to be disclosed on the Dec. 2, holiday, incorporates blockchain-based digital twins which will be sold as digital collectibles coupled to their physical counterparts.
A total of 4 stamps, every with a definite style consisting of a national theme, are issued. consumers are ready to see the digital style coupled to the physical stamp they purchase once scanning a QR code written on the cardboard. To activate the digital collectible on the blockchain, users should scan a QR code hidden behind the cardboard.
EPG CEO Abdulla Mohammed Alashram told Cointelegraph that clench NFTs aligns with the company's vision of turning into additional digitally directed. within the wake of the COVI-19 pandemic, EPG is "exploring however the implementation of blockchain technology will contour and enhance our operations and introduce alternative competitive blessings."
When asked whether or not the NFT stamps are a one-off foray into blockchain or a part of a broader strategy to embrace the new technology, Alashram same EPG plans to launch additional digital stamps within the future:
"The adoption of the latest advancements in digital technology in our operations is also to address the technology-savvy generation who prefers digitally accessible services. As part of our efforts to bridge the gap between traditional postage stamps and the digital world, we are also working to launch more NFT stamps."
The UAE has adopted a progressive perspective towards blockchain technology and digital assets, with native regulators pushing a slew of crypto-friendly rules. In September, native authorities established a new regulative framework that supports cryptocurrency trading and connected activities in Dubai’s economic area, doubtless gap the door to wider adoption and innovation within the emirate.
( Sam Bourgi, Cointelegraph, 2021)