POAP stopped minting its 6.7 million attendance badges after five years. Founders Worthalter and Gonzalez are shifting to a new collectibles standard.
Proof of Attendance Protocol stopped issuing new badges this week, five years after it began minting on-chain attendance credentials. The project entered maintenance mode.
Founders Patricio Worthalter and Isabel Gonzalez said the team will shift toward a new standard for open collectibles. The new standard is separate from the POAP infrastructure. Support for the current infrastructure stays, they confirmed.
POAP raised $10 million in 2022. Partners included Coinbase, Amex, Warner Music Group, and Bayer. The protocol minted 6.7 million credentials across conferences and online events. Community adoption was strong. The protocol did not generate enough revenue to cover its costs. The 6.7 million badges are a permanent record of attendance. The protocol that issued them could not sustain itself.
Collectors retain the permanent record of their past participation on the blockchain.
No launch date has been set for the new standard, the founders said.
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