Web3 ‘Proof of attendance’ startup raises $10M to mint shared memories as NFTs - Aliens: AI Crypto News & Markets Updates
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Web3 ‘Proof of attendance’ startup raises $10M to mint shared memories as NFTs

PublisherPublisher
TechCrunch

Wed, Jan 19, 2022

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POAP , which stands for Proof Of Attendance Protocol, wants to dial deeper into the idea of using NFT’s to create internet communities, with a protocol that helps build more active communities and award individual participation like taking part in an event.

A host of crypto native funds also invested including Collab Currency, 1KX, Libertus Capital, Red Beard Ventures, 6th Man Ventures, Delphi Digital and A Capital.

POAP met some challenges in 2021 as NFT community growth accelerated and the number of people looking to tap into their platform created an overwhelming influx of spam that brought the platform to a crawl.

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