More and more events opt for alternatives to printed tickets and certificates. One such digital solution is the Proof Of Attendance Protocol (POAP).
What Is The Proof Of Attendance Protocol (POAP)?
The Proof of Attendance Protocol (POAP) definition often refers to the set of rules on the blockchain enabling the creation of digital badges that can be collected in crypto wallets.
However, the POAP acronym is also commonly used for the collectibles themselves. POAPs are minted through smart contracts as ERC-721 non-fungible tokens (NFTs) on the Ethereum blockchain. As the name suggests, they serve as proof that a user has attended an event either virtually or in person.
What You Need To Know About The Proof Of Attendance Protocol (POAP)
The Proof Of Attendance Protocol (POAP) NFTs were created for the ETHDenver Convention in 2019 to reward the hackathon event participants. Initially, POAPs were minted and distributed on the Ethereum mainnet. However, in October 2020, they migrated to the Gnosis sidechain (formerly known as xDai) due to its cost-effectiveness and higher speed.
Nowadays, users typically receive Proof Of Attendance Protocol (POAP) tokens after participating in such occasions as:
- Concerts
- Seminars
- Conferences
- In-game events
There aren’t any set rules that dictate which events can have POAP badges, which means that the list of possibilities goes on. However, there are three conditions for the creation of a Proof Of Attendance Protocol (POAP) NFT, namely:
- Being minted with the official POAP smart contract
- Featuring metadata related to a certain date or period of up to 1 year
- Containing an image associated with a specific event
Proof Of Attendance Protocol (POAP) tokens work a lot like other NFTs, so each of them is unique. Yet, their major distinction is that they are free for creators and collectors, which means there are no gas fees involved.
Even though POAPs are not intended to carry high monetary value and trading them contradicts their original purpose, it is possible to do it on various NFT marketplaces.
