UAE launches the world’s most expensive modern postage stamp


The United Arab Emirates has released the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s founding day.

The Emirates Post Group, a government post office, launched the first issue of the modern four-issue postage stamp. Each physical stamp in the collection comes with a digital version.

The most expensive edition is the “Golden Jubille 2021”, which has a total of 2021 pieces and costs 2021 AED (550 USD). Each stamp contains one gram of gold.

The second stamp bears the name “Spirit of the Union – 1971” and symbolizes the founding of the UAE by the founding fathers. Guess the third stamp is ‘Year of the 50th – 2021’ while the fourth is ‘Projects of the 50th 2071’ which represents the UAE’s futuristic vision.

The other three collections are relatively cheaper, costing around AED 250 ($68) for each non-fungible token (NFT stamp.

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Cointelegraph reached out to postal group CEO Abdullah Al Ashram to understand the idea behind launching collectible digital stamps. Ashram explained that the decision was made to celebrate the anniversary of the founding day and anyone from all over the world can buy it.

“It’s definitely part of the broader strategy and blockchain will be key to many of Emirates Post Group’s projects.”
The introduction of the NFT stamps made Emirates Post Group the only company in the Middle East and North Africa to do so. Blockchain has become an important part of the UAE’s business strategy over the past year.

Source: CoinTelegraph


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