According to Wu Blockchain, Isabel, the co-founder of the digital collectible project POAP, announced that POAP will gradually cease operations after more than 5 years. The project, which recorded event participation experiences through digital collectibles, has issued millions of collectibles across hundreds of communities and collaborated with organizations like Coinbase, American Express, Warner Music Group, and Bayer. She stated that the crypto industry's funding cycles and distribution models have made it difficult for the company to achieve sustainable operations without deviating from POAP's original vision. Additionally, the instability of the underlying tech stack, rapid iterations, and market speculation have further increased operational challenges. https://(wublock123.com)/news/news-65825