China’s First Digital Stamp Now Onchain

• Hong Kong-based DGS made historical past by issuing the first-ever digital stamp in China on Polygon in partnership with the China Submit.
• The transfer combines the on-chain digital capabilities of the Polygon blockchain with conventional cultural innovation whereas showcasing China’s dynamism on the planet of Web3.

DGS, a member of the Hong Kong startup group Cyberport, has made historical past by launching the first-ever digital stamps in China on the Polygon blockchain.

DGS partnered with China Submit Hong Kong Restricted on the initiative, which seeks to digitize an important a part of China’s wealthy historical past. Different companions included the College of Hong Kong’s Monetary Innovation and Improvement Analysis Middle and the Beijing Longyuan Conventional Tradition Change Promotion Middle.

Cyberport group member DGS companions with China Submit Hong Kong to situation digital stamps specifically as “12 months of Jia Chen” on @0xPolygon public chain, efficiently combining the digital economic system with conventional cultural innovation. pic.twitter.com/RkiPz6d5KB

— Cyberport (@cyberport_hk) January 19, 2024

Native retailers report that the stamps have been impressed by China Submit’s “12 months of Jia Chen” particular postage stamps. Every bodily stamp within the collections comes with a digital twin with a singular identification quantity on the Polygon blockchain. The primary batch launched 10,000 stamps.

“The issuance of this stamp assortment promotes Chinese language conventional tradition in modern varieties,” commented Chen Dacan, the chair of the China Submit Hong Kong Co.

Stamps signify a folks’s tradition, and in China, this particular assortment has a particular that means, says Di Na, the manager director of the Beijing Longyuan Conventional Tradition Change Promotion Middle. As per the Chinese language Zodiac, 2024 is the yr of the dragon (there are 12 animals within the Chinese language zodiac).

“The Chinese language dragon symbolizes braveness, energy, knowledge and dignity. It represents the spirit of the Chinese language nation and the pleasure of its folks,” Na commented.

She added:

The ‘Jia Chen 12 months’ digital stamp assortment comprises cultural connotations of carrying ahead the Chinese language dragon tradition, selling the spirit of the Chinese language dragon, and spreading China’s voice to the world. The discharge goals to showcase the distinctive attraction of Chinese language conventional tradition and discover the mixing of this custom with superior expertise.

Digital Stamps on Polygon—China Makes the Leap

By digitizing stamps, DGS proved that the Polygon blockchain is powerful sufficient to help the tokenization of real-world belongings, believes Lin Chen, the affiliate vp of the College of Hong Kong.

(The bodily stamps that DGS digitized on-chain on the Polygon community.)

DGS additional revealed that it helps the personalization of digital stamps, permitting customers to completely engrave data such because the collector’s identify or a devoted message on the Polygon blockchain. It additional known as on members of the Liaison Workplace of the Chinese language authorities, members of Hong Kong’s Legislative Council and different authorities our bodies to take part within the course of.

Polygon continues to attraction to builders and customers, with knowledge exhibiting that solely Ethereum attracted extra first-time builders final yr. The community recorded over 22,000 month-to-month lively builders final yr, though this was a discount from the earlier yr.

The native token, MATIC, has struggled this yr, and at press time, it traded at $0.733, over 25% down for the reason that yr began.