POAP Shuts Down Service Amid NFT Market Decline

POAP, a proof-of-attendance protocol that issued digital badges to event participants, is shutting down its service. The project had previously announced in March that it would halt new services and maintain only its existing system.

The decision marks the end of an era for POAP, which gained traction during the crypto and NFT boom of 2021-2022. Event organizers used the protocol to mint unique, non-transferable tokens that served as digital proof of attendance.

However, the project faced challenges as the broader NFT market cooled down and the utility of attendance tokens came under scrutiny.