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Can you sell POAP NFT?

Furthermore, POAPs can be bought, sold, and traded on various NFT marketplaces. However, POAPs are intended to be personal collectible items that aren't usually sold.

What is POAP in Crypto?

Intermediate. Proof of Attendance Protocol (POAP) is a protocol that creates digital badges or collectibles through the use of blockchain technology. While the acronym derives from the protocol name, POAP is also used to describe the collectibles themselves.

What does POAP mean NFT?

POAP is an acronym for "Proof of Attendance Protocol," and NFTs are non-fungible tokens. Simply put, an NFT is a unique digital collectible.

What does POAP stand for in Crypto?

POAP stands for Proof of Attendance Protocol. The blockchain protocol is a way of creating a that records notable life experiences, most commonly attendance at an exclusive event. POAPs are minted as a type of NFT on an offshoot of the Ethereum blockchain called xDai.

What means POAP?

POAPs Explained. POAP (pronounced poh-ap) is an acronym for Proof of Attendance Protocol. These NFT badges are given out to prove attendance of an event, whether it took place virtually or in the real world.

What blockchain does POAP use?

POAPs are minted through smart contracts on the Ethereum blockchain over the ERC-721 protocol as NFTs. The term POAP is a registered trademark, therefore POAP protocol NFTs can only be minted through the official POAP platform.

Can you sell POAP NFT?

Furthermore, POAPs can be bought, sold, and traded on various NFT marketplaces. However, POAPs are intended to be personal collectible items that aren't usually sold.

Are POAPs on Ethereum?

POAPs were initially minted and distributed on the Ethereum mainnet. It was first created at the ETHDenver Convention in 2019 to reward hackers who attended and participated in the hackathon event. In October 2020, POAP migrated to the Ethereum sidechain xDai due to its higher speed and lower transaction costs.

What is a proof of attendance NFT?

Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access.

How does POAP work NFT?

POAP is a new way of keeping a reliable record of life experiences. Each time they take part on an event, POAP collectors get a unique badge that is supported by a cryptographic record. These badges are Non Fungible Tokens (NFT) and open a whole new world of possibilities.

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