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Patricio Worthalter, founder of POAP, joins Pragma Lisbon for a wide-ranging fireside chat on the past, present, and future of POAP and the broader NFT ecosystem. In this thoughtful and candid session, Patricio reflects on his journey from early blockchain evangelist to launching POAP as a way to preserve memories through digital collectibles. He explains how POAP evolved into the most adopted non-financial blockchain application, with over a million wallets holding these curated tokens. Patricio discusses surprising adoption by financial institutions like American Express and SWIFT, POAP’s role as a public good, and why curation, scarcity, and de-financialization are key to POAP’s integrity. He also shares insights on the NFT market, long-term trends, and how projects like Nouns and DAOs are shaping the future of decentralized coordination. A must-watch for anyone passionate about Ethereum, digital identity, governance, and the future of NFTs. 00:00 Opening and welcome to Patricio Worthalter 00:47 What is POAP? Defining digital collectibles 02:44 How POAP started and why it was created 04:49 Transition from speculation to meaningful tech 06:16 Early days of NFTs and building in isolation 08:12 Who Patricio thought POAP users would be 10:04 Why early adoption was difficult 11:18 Surprising adoption by financial institutions 13:25 Working with banks and SWIFT on collectibles 14:38 Use cases with brands like Porsche and Amex 17:27 Composability and onboarding for Web2 brands 19:20 Crypto-native teams vs. mainstream brands 21:08 Is POAP a consumer or enterprise product? 23:27 What makes POAP a digital public good 26:07 How Wikipedia inspires POAP’s model 27:22 Discussing the idea of de-financializing POAP 28:14 The future where everything is tokenized 29:46 Curation as key to POAP’s long-term value 31:10 Moving to a model where POAPs cost money 33:34 Insights from broader NFT ecosystem trends 36:03 Why NFTs face less institutional resistance 37:26 Long-term thinking for NFT builders 39:21 PFPs, sustainability, and building real value 40:21 Coordination and lessons from the Nouns DAO 42:31 Upcoming nouns activations at ETHGlobal 44:40 Final advice for founders and POAP supporters _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 Pragma Lisbon Pragma Lisbon 2023 took place at Casa do Alentejo on May 11, 2023, and was an in-person summit for builders and leaders in the web3 ecosystem. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. Watch the full Pragma Lisbon 2023 playlist here: • Pragma Lisbon 2023 ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Ever since we first introduced our new event series, Pragma, in Tokyo in the spring of 2023, we have been fostering a curated, global community of individuals who deeply care about web3. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Patricio Worthalter X: https://x.com/worthalter ✅ Follow POAP X: https://x.com/poapxyz ✅ Follow Kartik Talwar X: https://x.com/therealkartik Warpcast: https://warpcast.com/kartik ✅ Follow ETHGlobal X: https://x.com/ETHGlobal Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: / ethglobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _