# POAP Shuts Down After Five Years, Leaving Millions of Badges on Chains It No Longer Runs

The attendance-token project cited a funding model it could not sustain. It closed in the same week that prime broker FalconX cut 10% of staff and a listed miner prepared to dilute existing shareholders by about half.

- Published: 2026-08-04T05:45:02.328Z
- Canonical: https://polylog.news/crypto/2026-08-04/poap-shuts-down-after-five-years-leaving-millions-of-badges
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/poap-shuts-down-despite-coinbase-and-amex-adoption/), [crypto.news](https://crypto.news/falconx-cuts-10-percent-of-staff-amid-crypto-downturn/), [CryptoSlate](https://cryptoslate.com/facing-a-severe-cash-crunch-bitcoin-miner-sphere-3d-quietly-prepares-to-dilute-its-shareholders-by-a-staggering-50/)

The proof-of-attendance protocol POAP, used by Coinbase and American Express among others, is winding down after more than five years, citing a funding model it could not sustain. Millions of badges it issued remain on-chain and will keep r…

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