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UAE launches the world’s most costly fashionable postage stamp

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The United Arab Emirates has launched the world’s most costly fashionable postage stamp to have fun the fiftieth anniversary of the nation’s Foundation Day.

Emirates Post Group, a government-owned publish workplace launched the primary version of the fashionable postage stamp with 4 editions. Each bodily stamp within the assortment comes with a digital model.

The most costly version is the “Golden Jubille 2021,” which has a complete of 2021 items and prices a 2021 AED ($550 USD). Each stamp comprises one gram of gold.

The second stamp is known as the “Spirit of the Union — 1971,” which symbolizes the institution of the UAE by the founding fathers. Guess what, the third stamp is “Year of the 50th — 2021” whereas the fourth is the “Projects of the 50th 2071,” representing the futuristic imaginative and prescient of the UAE.

The different three collections are comparatively cheaper and price about 250 AED ($68) for every nonfungible token (NFT postage stamp.

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Cointelegraph reached out to the CEO of the publish group Abdullah Al Ashram to grasp the thought behind the launch of digital collectible postage stamps. Ashram defined that the choice was made to have fun the anniversary of the Founding Day and anybody from around the globe should purchase it.

“It’s positively part of the broader technique and blockchain would be the key to many tasks at Emirates Post roup.”

The launch of the NFT postage stamps made the Emirates Post Group the one p within the Middle East and North Africa to take action. Blockchain has turn out to be a key a part of UAE’s enterprise technique over the previous yr.