Proof of Attendance Protocol (POAP) is a blockchain-based digital badge that serves as verifiable proof of an individual’s attendance at an event.

Understanding Proof of Attendance Protocol (POAP)

Imagine you’ve just experienced an unforgettable concert by your favorite artist. You’re eager to share this moment with friends, to prove you were there. In the digital realm, especially within the blockchain community, this tangible proof comes in the form of a Proof of Attendance Protocol (POAP).

How Do POAPs Work?

Let’s break down the process:

  1. Event organizers create a POAP for their event.
  2. During the event, they distribute these digital badges to attendees.
  3. The badges are minted as NFTs using the ERC-721 token standard, which means they are unique and cannot be replicated.
  4. Attendees receive these tokens free of charge, as a permanent record of their attendance.
  5. Organizers often use QR codes or digital links to facilitate the minting process for attendees.

These badges are not just collectibles; they are rare and immutable, forever linking holders to the event.

Monetary Value of POAPs

While POAPs are indeed NFTs and can be traded, their primary purpose is not financial gain. They are meant to document and celebrate attendance. Yet, as with any NFT, there is potential for trade in various marketplaces.