The Block reports that Proof of Attendance Protocol (POAP) is shutting down after more than five years of operation. The platform, which allowed around 46,210 issuers including Coinbase and American Express to create onchain mementos for users to mint, is ending its service.
POAP was one of the clearer consumer proofs that onchain mementos could reach non-crypto brands, so its shutdown is a signal that the collectible-as-engagement model struggled to convert into durable revenue. If you're building minting features into an app, treat this as a reminder to check whether users can still access assets tied to a third-party protocol after it winds down. Worth watching whether existing POAP contracts and metadata stay on-chain and independently readable, since that's the real test of the 'onchain forever' promise.
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HTSApp