Web3 ‘Proof of attendance’ startup raises $10M to mint shared memories as NFTs

If blockchains are immutable records of our digital history, what kinds of history do we want to inscribe on them? Predictably, most records thus far have been transaction data, but as entrepreneurs expand their ambitions for NFTs, startups are aiming to tie those asset transactions to real-world events and interactions.

POAP, which stands for Proof Of Attendance Protocol, wants to dial deeper into the idea of using NFT’s to create internet communities, with a protocol that helps build more active communities and award individual participation like taking part in an event. POAP is organized around badges as the visual signifier of their protocol. In the real world, a user could scan a QR code to receive an NFT memento that could unlock admission to an online community and earn them future drops.

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