Another form of non-fungible token (NFT) that will be the craze in this technology era-POAP!
Unlike most NFTs, POAP stands out differently in that it offers a feature of ‘caring’ for the memories of the owner’s involvement in any virtual or reality event.
How is that?
Trivia POAP
Refer to Proof of Attendance Protocol.
First introduced as a token of appreciation for the presence of participants in the hackathon project during ETHDenver 2019.
This means, anyone can own a POAP provided they must attend any event that offers proof of attendance through this technology.
That is why POAP is also known as a unit that stores or tracks all of a person's involvement in the crypto world either in reality or virtual.
For example: Intraday hosts a metaverse or NFT related program, and the organizer keeps the wallet address. You can then redeem POAP on the official POAP website by entering the Ethereum wallet address (eg: Metamask or cold wallet: Ledger).
POAP feature
POAP uses the token standard for NFT which is ERC-721.
Since October 2020, POAP was originally produced in Ethereum before finally being moved to the sidechain, xDai.
When compared to Ethereum, xDai offers fast and inexpensive transactions, including POAP revenue at a low cost.
POAP owners can transfer to Ethereum, but have to pay for gas. Maybe it's better to leave it alone in xDai because you can still display POAP through its app (or Metamask).
POAP earnings as NFTs need to meet the criteria below:
Produced using the official POAP smart contract.
Has metadata associated with a specific date and time, limited to one year (eg: ETHDenver 2022 / Sunday / 13 February - Wednesday / 13 July).
There must be a logo or image.
To date, a total of 34,538 POAPs were generated by dumping organizations running various events with POAP redemption records reaching 21,379.
Several entities have produced POAP, including: EthGlobal, Dappcon, Ethereum Community Conference, Adidas; while in -virtual communities such as SushiSwap, ShapeShift, Decentraland and MetaMask.
What are the benefits of POAP?
Involvement and time spent in the crypto community can be calculated through POAP ownership.
Some incentives for POAP owners, for example:
SushiSwap - exclusivity, offers the opportunity to get collaborative artwork quickly before an NFT is distributed in a fractionalized form (NFT).
Decentralized Autonomous Organization (DAO) - the owner has the power to vote in a project.
Involvement in the crypto world with POAP ownership indicates that one has decentralized experience and identity.
Each production of POAP enhances the sustainability and verification of the authenticity of all collections owned.
You can produce your own POAP based on your own experience, for example graduation day (haaa..then you can distribute it to all your faculty students, right?).
POAP is very sentimental because it is not for sale (unless someone wants to buy) because it is proof that you have experienced various achievements in life, in accordance with the tagline - "Bookmarks of your life".
POAP developers believe that when Web 3.0 applications become a culture, POAP will become a necessity and dominate some aspects of the technology.
Are there any Intraday readers who already have POAP?
