Confluence News

Proof of Attendance Protocol to shut down after five years

News-screening summary only. This is not investment advice and does not confirm market response.

Proof of Attendance Protocol (POAP) is shutting down after five years, affecting over 46,000 issuers including Coinbase and American Express.

Status
Active
Confirmation
Confirmed
Event type
OTHER_MATERIAL_EVENT
Market scope
SECTOR
Direction
-1
Impact / urgency
3 / 2
Impact category
MATERIAL
Risk stance
RISK OFF
Promotion
PROMOTED · 55/100
Promotion reason
The shutdown of a major on-chain memento protocol used by institutional players like Coinbase and American Express represents a significant shift in the digital memento landscape.
Duration class
STRUCTURAL
Assets
POAP
Sectors
Cryptocurrency, Financial Services
First detected
Impact started
Scheduled for
Not published
Occurred at
Not published

Sources

Proof of Attendance Protocol is shutting down after 5+ years

The Block — RSS · ESTABLISHED_MEDIA · Best available