Leading NFT attendance badge service POAP announced Tuesday that it will soon begin charging commercial clients for access to its services, ending the company’s years-long policy of offering all users unlimited POAP minting for free.

“Our goal for the long run is to bring POAPs to humanity more broadly, and getting there will require long-term sustainability to be more of a priority,” the company said in an email sent to POAP users today. 

POAP, or Proof of Attendance Protocol, is an Ethereum-based app that helps event organizers give out attendance badges in the form of NFTs, minted using the ERC-721 token standard. Those badges, called POAPs, can be used to show proof of attendance at a physical or virtual event, as well as to unlock a variety of benefits and experiences post-mint, including access to group chats, discounts, and ticketing for future events. 

POAP raised $10 million in a seed funding round last year to further its development. According to the company, over 6.5 million POAPs have been minted since it launched in 2019.

POAPs will still be free for personal use, per the company. Companies and individuals who distribute POAPs at commercial events, though, may be subject to charges based on the number of POAPs they issue, beginning April 17. 

According to Isabel Gonzalez, POAP’s co-founder, prices for commercial clients will likely converg

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Author: Sander Lutz

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