Startup incubator the Postal Innovation Platform (PIP) has partnered with Stampsdaq, an Estonian blockchain marketplace for crypto philately, to promote its common blockchain ecosystem concept to postal administrations worldwide.
The decision to partner came after almost two months of PIP’s analysis and research. The company concluded that Stampsdaq’s non-fungible token (NFT) philately proposal had the best chance of uniting all postal administrations in a common blockchain ecosystem. The proposed ecosystem is currently based on the Stampsdaq blockchain.
By digitizing the existing US$12bn traditional stamps market and producing new NFT stamps, the company intends to use its platform to profit from collectors’ interest in assembling, trading and gaming with stamps.
Bernhard Bukovc, the chairman of the Postal Innovation Platform, said, “After a thorough analysis of the status quo and evaluation of possible options that would best facilitate successful development for global NFT philately for all market participants (postal administrations, global collector community, investors and other industry participants), we have come to the conclusion that the solution offered by Stampsdaq has the biggest potential to build a successful, dynamic and entertaining blockchain-based ecosystem for NFT philately.”
Andrii Shapovalov, CEO of Stampsdaq, added, “Partnering with the Postal Innovation Platform is a great opportunity for our company to strengthen the level of trust, acceptance and cooperation with postal administrations around the globe which we have started to build via our associate membership at the Post Group of the Universal Postal Union. With PIP’s experience, knowledge and good standing in the postal sector, we are fully confident that we will be able to onboard the posts on Stampsdaq faster for the greater good of the whole industry, but especially the global NFT collector community.”