Perry Perry POAPs

In this publication we'll discuss the exciting and interesting concept of POAPs. Seems crazy lets start without wasting even a bit 🚀

What is POAPs?

POAP is an acronym for Proof of Attendance Protocol. These NFT badges are given out to prove attendance of an event, whether it took place virtually or in the real world. Each badge is unique, meaning that the only way to get a certain POAP is to be at the event. Collectors can quickly accumulate a unique collection of POAPs which documents their experiences and travels through the crypto space.

All POAPs are created with the ERC-721 standard used for NFTs. However, for an NFT to be classed as a POAP, it needs to meet a certain set of criteria. First, it must be minted through the official POAP smart contract. Second, it needs to contain metadata related to a specific time or date, up to one year in length. Finally, all POAPs must have an image associated with them.

Why are POAPs worth it?

While they’re certainly fun to collect, these blockchain badges may also have a greater untapped potential. One example is that engagement and time spent in a community can be measured by the number of POAPs in a user’s wallet. Earlier this year, the Bankless DAO used POAPs to help allocate funds for its subscriber airdrop.

That's it for the day buddy, Web3Shala Signing Off ✌🏻

Have a nice day :)Keep Learning 🙏🏻