According to Cointelegraph, Indonesia’s state-owned postal service Pos Indonesia has launched its first stamp with a non-fungible token (NFT), called “Bird of Paradise.” The stamp will have both a physical version and an NFT version and will be released in a booklet.

Pos Indonesia said the new stamps combine traditional values ​​with blockchain innovation and are designed to attract enthusiasts. The move is in line with Indonesia’s growing involvement in the Web3 space.

Indonesia’s financial authorities plan to launch a regulatory sandbox for crypto assets in early 2025 to prevent fraud.

The launch of the NFT stamps comes at a time when interest in digital collectibles is declining. In September, NFT sales fell to their lowest level so far in 2021, at just $296 million, down 20% from August and 81% from March.

The number of NFT transactions also fell from 7.3 million in August to 4.9 million in September, a decrease of 32%.

NFT stamps are not a new concept. In 2021 and 2022, organizations in places like the UAE, Austria, and the Netherlands attempted to revive stamp collecting by incorporating blockchain technology.