🖼 Digital mementos
How POAPs can safely digitize all physical certifications
Today's Highlights
- POAP - Proof Of Attendance Protocol
- Learn - a couple of courses to further your knowledge in crypto.
- In Other News - a few interesting developments we're tracking.
POAP - Proof Of Attendance Protocol
POAP, which stands for Proof Of Attendance Protocol, wants to dial deeper into the idea of using NFTs to create internet communities, with a protocol that helps build more active communities and award individual participation like taking part in an event. In the real world, a user could scan a QR code to receive an NFT memento that could unlock admission to an online community.
POAPs are a new digital way to certify that a user has participated in an event. This way, the user can request a badge for his/her participation and receive it as a POAP token. These badges are in a Non-Fungible Token (NFT) format. Therefore, they are unique tokens that can be collected, exchanged or sold later.
POAPs can be interpreted as the collectors universe digitalization. In the same way that there are Olympic pins, event accreditations, or concert tickets, POAPs have the same purpose of collecting, although in a digital and secure way through blockchain technology. The collection of these badges can generate curiosity to users who are not used to Web3, since it is an easy, accessible and visible way to obtain an NFT, in addition to the fact that it is not necessary to provide personal data. Another use case could be paying with these badges, receiving incentives or getting rewards.
Claiming a POAP is easy. Depending on the event, there may be different ways to claim the POAP issued by the event organizers. The most popular way POAPs are distributed is through QR codes displayed at events.
Patricio Worthalter is the founder of POAP. POAP has raised $10M in funding.
📚 Learn
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Anna Slaughter
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Jarrett Vaughan MA, Msc
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In Other News
Brandy Betz
Reynaldo Marquez