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009: What is a POAP NFT and how can they be used?
Manage episode 372663622 series 3498107
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POAP: Stands for Proof of Attendance Protocol
NFT: Stands for Non-fungible Token
So what is a POAP NFT exactly?
Think about it like this:
When you attend a conference a lot of times you get a printed card on a lanyard. If that conference was memorable you save the lanyard. Because it has your name on it and is from a one-time event (that's the only conference with that name happening on those dates and at that time in history) it makes that lanyard unique.
A POAP NFT is a lot like that.
It's a digital image that is traceable through the blockchain. It's given out by the organizer(s) of an event only to people who attend that event.
Now POAPs can be given away for other reasons (non-event related) but this is what they were created for.
A POAP NFT is supposed to replace the commemorative ticket you keep from a concert or football game.
Imagine going to the Super Bowl and your team winning. If you have a ticket from that event. You might put it in a frame and keep it.
That's what a POAP NFT is designed to be.
In this episode Sean explains more and gives a few examples for how the POAP NFTs can be used once they are given out.
To see and hear some of the resources that Sean shares, visit https://www.web3simplified.xyz/shownotes
To learn how to create a wallet, load it with cryptocurrency, mint or buy an NFT, and more buy the course NFTs simplified. Read more about it here: https://www.web3simplified.xyz/nfts-simplified-course
See simple definitions and explanations about other NFT concepts here: https://www.web3simplified.xyz/
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