United States Postal Service is Making NFTs

gamerant.com:

Non-fungible tokens, also known as NFTs, have been spreading across the internet, bringing with them waves of people looking to buy in as well as those who believe the entire premise to be foolish. Some call them an easy way to scam or turn a quick buck, while many groups including game developers believe NFTs to be the future of virtual ownership of art.

Recently, more and more entities are breaking into the NFT space, and the United States Postal Service decided it was time to break into the realm of NFTs, announcing the news first on its Mailin' It podcast. The idea is modeled after real-life stamp collectors, an older tradition in the United States.

RELATED: Troy Baker Elaborates on NFT Controversy

For those confused about what a non-fungible token is, using USPS's physical stamps actually offers a good analogy. Like a physical USPS stamp, a digital stamp is assigned value based on its rarity. Physical stamps have a monetary value shown on each unit, but they're also physical products. Many argue that NFTs hold no value because they are digital images, and thus can be copied and pasted. However, the reason NFTs can hold value and are unique is because they are one-of-a-kind. Much like the rarity of a stamp, NFTs have scarcity because only one original image or digital product exists.

On the Mailin' It podcast, USPS manager of licensing Amity Kirby explained the process of making USPS NFTs. The way it has worked so far is that USPS enters stamps into NFT generators that turn them into art for digital sale. This means that the USPS sends stamps or data out to websites that will then turn the stamps into images. Those images are then turned into NFTs that are completely unique, using blockchain technology to track the