Aug 3, 2026
Proof of Attendance Protocol shuts down after five years, citing unsustainable business model
POAP, which minted over 7.6 million on-chain badges for crypto events and collaborated with major companies like Coinbase and American Express, is winding down operations after failing to achieve profitability. Co-founder Isabel Gonzalez announced the shutdown on August 3, with the protocol entering maintenance mode.
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