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Comment by cdurth | Hacker News Reader

I'm curious. Why did you mention what it's currently worth?

Pretty neat utility concept. I'm currently working with this service to add interactivity with other NFTs.

I did have a poor experience setting up test events, but I think this is on their middle layer and hopefully can get cleaned up. Also annoying that the token points back to their API for full metadata.

This "company" might not be the winner, but the idea of POAP is promising both IRL & metaverse.

I personally have more faith in utility NFT than "art".

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> I'm curious. Why did you mention what it's currently worth?

Because all blockchain tech is about creating new types of digital assets that can be bought and sold. The specifics vary, but the whole field is about financializing things. Why else would you design POAPs - a supposed proof of life experiences - in a way where they can be bought and sold?

Sure, they could be sold simply because the technical implementation of the token allows it. In practice though, there really is no market for them any more then there is a market for boy scout badges.

Completely off topic, but there ARE fanatical collectors of scout badges, at least here in NZ. They attend scout jamborees, and we had to warn kids that they are brutal negotiators.

I mentioned what it was worth to expose the folly that it would cost $70 of Ethereum compute power (if it was on-chain) for something worth so little.

It's not on chain, so that's really an apples to oranges comparison.

I just found the gravitation to it's value is interesting. With that thinking, does one think about the worth of their ticket stub after spending $70 on concert tickets?

When you go to the movies, you hand over your ticket, they tear off the stub, and hand the stub back to you. If they instead threw them both in the trash, but offered you the stub for “only” $70 on top of your ticket price, would you still feel the same way?

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