What is poap in nft?

A POAP or Proof of Attendance Protocol refers to non-fungible tokens (NFTs) that prove a person has attended a certain event. Basically, these are badges that are supported by a cryptographic record and are sent to a person's wallet as a reward for participating in certain activities.

The primary purpose of POAP NFTs is to record your life experiences. Think of them as a form of digital memorabilia. They're a way to look back fondly on important events you were a part of and things you've done.

That's not the only reason, though. Many communities have found ways to incentivize collecting and holding POAP NFTs.

The Bankless DAO community is a good example. To reward people who joined its movement, the community distributed its crypto tokens through an airdrop to wallet addresses that had claimed its POAP NFTs in the past. People who had claimed more POAP NFTs received more tokens.

You might also be wondering about whether POAP NFTS are a good investment. Considering NFT trading volume reached nearly $25 billion in 2021, that's a valid question.

Since POAP NFTs are meant to signify the collector's experiences and are issued for free, they're not normally something you'd buy or sell. For that, you're better off checking out NFT marketplaces. You can technically sell a POAP NFT, but you'd probably only make money if it's from a major event.

Look at a POAP NFT like a concert ticket. It could be worth something if the event ends up being a big deal, just like concert tickets to The Beatles have been sold for thousands of dollars. But you wouldn't invest in concert tickets. They're something you keep if you want a small reminder of a special moment in your life.

When you attend an event with POAP NFTs, the organizer will provide either a QR code or a URL with the claim code. You can scan the QR code or enter the URL in a web browser to claim your POAP.

POAP NFTs are designed to be stored in an Ethereum wallet. If you don't yet have a compatible blockchain wallet, you can reserve the POAP NFT using your email address. After you use the POAP NFT's claim code, provide your email address to reserve it. Linking your Ethereum wallet to your email address will mint your POAP NFTs.

If you're looking for events where you can get a POAP, you have a couple of options. The best thing to do is see how you can incorporate POAP NFTs into your own activities and groups. For example, if you have something special coming up or even just a group activity you do weekly, such as a bar trivia night, you could make a POAP for it.

Crypto communities and events are another good way to collect POAP NFTs. Decentralized finance (DeFi) platforms, crypto conferences, and blockchain games are all places where you could be issued a POAP.