Is the Bear Market ‘Good’ for Cryptocurrency Conferences?
We attended the Israeli Crypto Conference (ICC) yesterday, and noticed many interesting points that we thought would be beneficial to share with our community. Cryptocurrency conferences were once a booming industry, with thousands of attendees and new projects popping up every day, each looking to capitalize on the growth of the industry. However, since the market downturn, many of these conferences have changed in a number of ways, for better and worse.
One of the most noticeable changes is the number of attendees. In the past, even tiny conferences were packed with people eager to learn and showcase the ‘latest and greatest’ cryptocurrency projects. However, in the last half year or so, attendance has dwindled as many of the hype-driven projects have failed to deliver on their promises. As a result, only the most dedicated and committed crypto enthusiasts are attending these conferences, leading to smaller crowds and a much more focused atmosphere.
Another change is the type of projects that are being presented at these conferences. In the past, many of the projects that were featured or participated in these conferences, both as attendees and speakers, were more focused on making a quick profit than on building a sustainable and long-term project. However, now that the market has significantly cooled down, only the most promising and well-thought-out projects are able to gain traction and maintain attention at conferences. This has led to a shift towards more serious and professional projects, which are focused on building real-world solutions and providing value to the community, something the crypto and NFT space desperately needs.
Despite these changes, cryptocurrency conferences play an important role within the industry. They provide a valuable platform for projects to showcase their work and connect with potential investors and partners. Additionally, conferences provide a valuable opportunity for the community to come together, share ideas, and discuss the latest developments in the world of cryptocurrency.
All in all, cryptocurrency conferences have changed significantly since the market downturn, becoming less of a marketing ploy and more of a real tool for real projects to expand. Attendance has declined, and the focus has shifted towards more serious and professional projects. However, these conferences remain an important part of the industry, providing a valuable platform for projects to showcase their work and connect with the community.
After attending this year’s Art Basel in Miami, NFTrade’s co-founder and CEO, Ori Levi, made a point that sums up this article well:
“In challenging market conditions, the hype and speculation dies down, and only the most dedicated and serious projects with long-term outlooks can continue to grow and establish their value proposition. This makes cryptocurrency conferences during this period more appealing for builders, providing a valuable platform for serious projects to showcase their work and connect with the broader community of project teams and end users.”