In the era of cryptocurrencies, Germany seeks not to be left behind and launched the first cryptographic postage stamp on October 28 at an event in Berlin.

The presentation ceremony was led by Finance Minister Christian Lindner and Deutsche Post CEO Nikola Hagleitner.

During the launch it was learned that the project involves NFTs (non-fungible tokens) and blockchain technology.

Regarding the entry into circulation of the cryptographic postage stamp, it was indicated that this November 2 “250,000 booklets will go into circulation, each of which will have a stamp worth 1.60 euros and an NFT (non-fungible token), a blockchain code, which is unique and is valid as title to each of the 250,000 cryptographic postage stamps,” as reported by dpa.

Blockchain and NFT technology

According to the German agency, the first hundred crypto stamps along with the NFT are worth 99 euros (about $104). The rest, 9.90 euros. In addition to the stamps with NFTs, there will be 800,000 normal postage stamps without NFTs.

This special stamp is issued by the Ministry of Finance and distributed by the German postal company Deutsche Post. It shows the Brandenburg Gate, generated by artificial intelligence.

It is the beginning of a series called “Historical Buildings”, which can be collected both physically and digitally. As usual, it comes with a Matrix code, which prevents its multiple use and allows it to be tracked. States such as Austria, Switzerland or Liechtenstein already have cryptographic seals.

M.Pino

With information from dpa and international media

(Referential image source: Unsplash, in collaboration with Getty Images)

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