How Proof of Attendance Protocol, Led by 'POAP.xyz' Is Shaping Web3
The tool can help users keep track of important moments and be rewarded for doing so.
Acting as self-proclaimed “bookmarks of your life,” the proof of attendance protocol brand “POAP.xyz” is cornering its niche market and rising in popularity in the Web3 space.
Proof of attendance protocol (POAP) is a record-keeping method that uses blockchain technology to bookmark an event or experience using ERC-721 non-fungible tokens (NFTs). For example, if there were a virtual event, the hosts could create a POAP using “POAP.xyz” and share a secret code that members in attendance could then use to claim their NFTs during a fixed time. These tokens can then be held as collectibles or even have further utility applied to them at the discretion of the issuer.
The exciting thing about “POAP.xyz” is that their site makes it easy for anyone to use this system and create unique, memorable, and collectible NFTs, whether it be for a children’s birthday party or an executive summit. Proof of attendance protocol is just one more way that Web3 continues to build on the foundation of community, with yet another way for people to come together and find ways to connect.
Launched in 2018 by @worthalter, @gomox_ar, @dmf7z, and @reneil1337, “POAP.xyz” has taken quite the journey, from being a community developed project launched at ETH Denver in 2019, to raising over $10,000,000 USD in funding just last January.
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