- Hong Kong-based DGS has made history by issuing the first-ever digital stamp in China on Polygon in collaboration with China Post.
- This move combines the digital capabilities of the Polygon blockchain with traditional cultural innovation, while showcasing Chinese dynamics in the world of Web3.
DGS, a member of the Hong Kong startup community Cyberport, has made history by launching the first-ever digital stamps in China on the Polygon blockchain.
DGS collaborated with China Post Hong Kong Limited on this initiative, which aims to digitize a crucial part of China’s rich history. Other partners included the Financial Innovation and Development Research Center of the University of Hong Kong and the Beijing Longyuan Traditional Culture Exchange Promotion Center.
DGS, a member of the Cyberport community, collaborates with China Post Hong Kong to issue digital stamps, namely as “Year of Jia Chen” on the public chain @0xPolygon, successfully combining the digital economy with traditional cultural innovation . pic.twitter.com/RkiPz6d5KB
— Cyberport (@cyberport_hk) January 19, 2024
Local outlets report that the stamps are inspired by China Post’s “Year of Jia Chen” special stamps. Each physical stamp in the collections comes with a digital twin with a unique identification number on the Polygon blockchain. The first batch released 10,000 stamps.
“The issuance of this stamp collection promotes Chinese traditional culture in innovative forms,” said Chen Dacan, chairman of China Post Hong Kong Co.
Stamps represent the culture of a people, and in China this special collection has a special meaning, said Di Na, director of the Beijing Longyuan Traditional Culture Exchange Promotion Center. According to the Chinese zodiac, 2024 is the year of the dragon (there are 12 animals in the Chinese zodiac).
“The Chinese dragon symbolizes courage, power, wisdom and dignity. It represents the spirit of the Chinese nation and the pride of its people,” Na said.
She added:
The ‘Jia Chen Year’ digital stamp collection contains cultural connotations of continuing China’s dragon culture, promoting the spirit of the Chinese dragon and spreading China’s voice to the world. The release aims to showcase the unique charm of Chinese traditional culture and explore the integration of this tradition with advanced technology.
Digital stamps on polygon: China is making the leap
By digitizing stamps, DGS has proven that the Polygon blockchain is robust enough to support the tokenization of real-world assets, said Lin Chen, vice president of the University of Hong Kong.
(The physical stamps that DGS has digitized on-chain on the Polygon network.)
DGS further revealed that it will support the personalization of digital stamps, allowing users to permanently engrave information such as the collector’s name or a special message on the Polygon blockchain. It further called on members of the Chinese Government Liaison Office, members of the Hong Kong Legislative Council and other government agencies to participate in the process.
Polygon continues to engage developers and users, with data showing that only Ethereum attracted more entry-level developers last year. The network recorded more than 22,000 monthly active developers last year, although this was a decrease from the previous year.
The native token, MATIC, has struggled this year and was trading at the time of writing $0.733, about 25% decreased since the beginning of the year.
