POAP Project Co-founder Announces Gradual Suspension of Operations
2026-08-04 04:05:43
According to CoinMeta, Wu said that she learned that POAP, a digital collectibles project co-founded by Isabel, announced that it would gradually cease operations after more than 5 years of operation. The project recorded participants' experiences through digital collectibles, issued millions of collectibles in hundreds of communities, and collaborated with institutions such as Coinbase, American Express, Warner Music Group, and Bayer. She stated that the financing cycles and distribution models in the crypto industry made it difficult for the company to achieve sustainable operations without deviating from its original positioning. In addition, the unstable underlying technology stack, rapid iterations, and market speculation also increased the operational difficulties.
Bullish 0
Bearish 0
Source:X
This content is for market information only and does not constitute investment advice.