# POAP inc. raises $10M to accelerate human development | POAP

<https://medium.com/poap/poap-inc-raises-10m-to-accelerate-human-development-a2e36783258d>

- Host: [medium.com](https://links.thingelstad.xyz/hosts/medium.com/)
- Saved: January 20, 2022 (2022-01-20T23:04:08Z)
- Record: https://links.thingelstad.xyz/links/ead87b9fbf2f/
- JSON: https://links.thingelstad.xyz/links/ead87b9fbf2f.json

## What Jamie wrote

POAP is one of my very favorite crypto projects out there. I like collecting things, and creating events and distributing tokens to friends around things that happen in-real-life is fun. I've [created POAP events for many things](https://www.thingelstad.com/lists/poap-events/). The project is very successful and has struggled to deal with growing pains. In the last 3-4 months they started to make some significant changes to set themselves up for the next phase. Overall, I’m excited for the team that they have formalized the project to a company, and they have successfully raised funding to help make it all work. [TechCrunch article](https://techcrunch.com/2022/01/19/web3-proof-of-attendance-startup-raises-10m-to-mint-shared-memories-as-nfts/) is also good.

That's the good.

However, I scratch my head at why crypto projects like POAP take a traditional approach like this. POAP could have also formalized itself around a DAO. It could have allowed people to buy in and be part of it. Instead they pursued a closed, traditional means of raising money. Opensea also did this recently. I can give Opensea a bit of a pass because they are so much bigger, but I think POAP could have taken a different path. Maybe they will get there and transition similar to how ENS has… 🤞

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT208: Weekly Thing #208 / GPS, Intel, Omicron](https://weekly.thingelstad.com/archive/208/), Notable

## Same host

- [Major Refresh of NFT Images & Metadata for ENS Names | The Ethereum Name Service](https://links.thingelstad.xyz/links/5980492075bc/) (medium.com, October 14, 2021)
- [I’m A Twenty Year Truck Driver, I Will Tell You Why America’s “Shipping Crisis” Will Not End by Ryan Johnson | Medium](https://links.thingelstad.xyz/links/1bbd235b5f6f/) (medium.com, November 4, 2021)
- [Why We’re Building A New Product To Change The Way We Read Online | Medium](https://links.thingelstad.xyz/links/e3207f217c1c/) (medium.com, November 11, 2021)
- [No, Covid 19 is not an old person problem by Nassim Nicholas Taleb | Medium](https://links.thingelstad.xyz/links/24a534d3a8db/) (medium.com, December 27, 2021)
- [Famous Fox Federation Roadmap 2.0 | by Famous Fox Federation | Mar, 2022 | Medium](https://links.thingelstad.xyz/links/0294cfdbffe0/) (medium.com, March 24, 2022)

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://medium.com/poap/poap-inc-raises-10m-to-accelerate-human-development-a2e36783258d