Proof of Attendance Protocol (POAP) is a protocol that creates digital badges or collectibles through the use of blockchain technology. While the acronym derives from the protocol name, POAP is also used to describe the collectibles themselves.
Typically, the unique NFTs are given out for free to event attendees, which serve as verifiable proof that the holders attended that specific event. You could compare POAPs with a collection of concert tickets, except that they are digital and secured by blockchain technology.
POAP NFTs can be minted through the official POAP platform. They must contain an image and information related to the event, with a specific time or date. Each POAP badge has a unique serial number. They are immutable and can be collected via the POAP app as a digital representation of the holders’ life experiences.
Since POAPs are NFTs, they can be traded on various NFT marketplaces as well. However, POAPs are essentially proof of holders’ personal attendance at an event. According to the team, POAP was designed to showcase what Ethereum can achieve and for crypto enthusiasts to prove their commitment to Ethereum “before it was cool.” So, they are not intended to carry very high monetary value, as trading POAPs would be a contradiction to the original use case.
In the future, POAP may expand its use cases beyond proving one’s attendance. For example, it can be used to acknowledge contributions or to offer privileges to community members. POAP collection could also function as a reliable blockchain resume for people to prove their expertise and educational background.
An Ethereum based non-fungible token. This means that each token is unique and as a result, not interchange...
A type of cryptographic token that represents a unique digital or real-world asset and isn't interchangeable.