According to CoinMeta, co-founder Isabel of POAP announced that after more than 5 years of operation, POAP will officially cease development. Isabel reflected on the past few years, stating that POAP has issued millions of digital tokens in hundreds of communities and has collaborated with global institutions such as Coinbase, American Express, Warner Music Group, and Bayer. She mentioned that POAP holds special significance for many people, but the financing cycles and distribution models in the crypto industry make it difficult for projects to establish sustainable business models without sacrificing their original value propositions. Additionally, operating on rapidly changing and relatively fragile technical infrastructure, while also being in a period of high market speculation, has increased the challenges to long-term development.