POAP stands for “Proof of Attendance Protocol.” It refers to a type of NFT (non-fungible token) that serves as a digital badge for attending an event or participating in an activity. Each POAP is unique and can be collected by participants as a token of their experience.These tokens are often issued at events like conferences, concerts, or meetups, allowing attendees to showcase their involvement. Unlike traditional tickets, POAPs are stored on the blockchain, ensuring that ownership is verifiable and immutable.POAPs can also foster community engagement by allowing holders to access exclusive content, rewards, or future events. Creators use them to build loyalty among participants and create a sense of belonging.The concept emphasizes experiences over ownership, as POAPs serve as reminders of specific moments rather than a purely transactional item. This makes them popular among event organizers and attendees alike, contributing to a growing culture of digital memorabilia.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor