Austrian Postal Service Releases First Crypto Collectible Stamps


The Austrian Postal Service is the first postal service provider in the world to release a blockchain-authenticated stamp after announcing the release of its crypto collectible stamps.

In a press release published on June 11, the postal service said that the aptly named “crypto stamp” was the first globally to have been validated using blockchain technology. Per the announcement, the Austrian Post has issued a total of 150,000 copies of the stamp, each going at € 6.90.

Users of the stamp set will notice that it is issued in two parts. On the one part of the stamp- the left side- is fashioned a unicorn you would recognize as that linked to Ethereum.

This part reportedly functions like your typical stamp and so can be utilized when sending mail.

On the right of the stamp are the access codes that make it a “crypto stamp,” with users able to use the codes to store a digital version in their wallets and for authenticating them on the blockchain. Users can thus sell or transfer the collectibles and have the transaction recorded on the blockchain.

Recently, another ‘first’ in the collectibles space happened when a newly launched crypto collectible in the form of a virtual racing car went on sale. The deal for the “1-1-1” race car fetched $110,600.

The virtual “1-1-1” car is the first of such kind and so far the only issued on the blockchain. The collectible was auctioned off ahead of the launch of F1 Delta Time, a blockchain-based racing game.

Developers of the F1 Delta Time describe the racing game as one where different cars bearing a variety of in-game attributes compete. According to the team, the game’s main attraction and focus will be the ability for users to collect and trade several unique cars, drivers and other in-game components.

All of these items will be in the form of non-fungible tokens on the Ethereum blockchain. The generation of the said tokens will be limited, apparently issued on the basis of their rarity. Accordingly, the “rarest tokens” will possess the most exciting game attributes.

Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.

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