Consensus 2024 participation experience: Ethereum and ETF are in darkness, AI and DePIN are blooming

From May 29 to 31, 2024, Coindesk, a well-known American Web3 media, held the Consensus 2024 conference in Austin, Texas. Odaily’s North American reporters went to participate.

As one of the world's largest and most influential cryptocurrency and blockchain industry events, Consensus brings together developers, investors, founders, brands and policymakers from all over the world. This conference not only provides a platform to showcase cutting-edge technologies and discuss industry trends, but also provides an excellent opportunity for industry insiders to communicate and cooperate.

The first conference since the bull market

This Consensus conference can be regarded as the first industry conference since the current bull market. Previously, due to the approval of the Bitcoin ETF and the surge of Bitcoin from 50,000 US dollars to 70,000 US dollars during ETH Denver, the entire industry fully responded to the advent of the bull market in the past few months.

This time, although the number of participants has decreased compared with previous years, the overall quality has significantly improved; judging from the on-site communication, the participants are more professional, the discussion content is very in-depth, and the communication effect is more effective Efficient. For example, the number of newcomers who have no knowledge of the blockchain industry or students who come to learn is significantly reduced compared to other conferences. It can be found that most of this year’s participants are in-depth participants in the industry. For companies that want to raise funds in the United States or find customers or investment targets, Consensus is still one of the top three unmissable blockchain events in the United States.

The venue was not deserted, but everyone was at Side Event

As soon as possible, they adopted last year’s classic main venue design with a main road and many small branches, and participated in the formal activities in the venue There didn’t seem to be as many visitors as last year, and many people I met at the scene said they didn’t go to the main venue that much. More discussions and exchanges take place in various side events. Participants are more inclined to participate in these small, flexible events. Within the four days of the Consensus event, there are about 200+ similar events, consisting of various types of events. Hosted by Web3 Inc. These activities are closer to practical applications and cutting-edge technologies, providing more opportunities for discussion and cooperation.

In addition, the high ticket prices (tickets for students and developers are relatively low) are also the reasons why many people did not show up at the main venue.

Consensus side event form, source: Consensus official

AI and Decentralized Internet of Things (DePIN ) is the ecosystem track that gets the most attention at this conference. Both technical discussions and project presentations are focused on these two areas; the most intuitive thing is that there are many activities focused on this ecology, while other traditional tracks such as DeFi and games have not received as much attention as before. In contrast, although Ethereum and ETF are still discussed to a certain extent, they obviously have not received much attention from participants.

The number of Asian participants is very significant. Many participants flew here from China to participate in this conference. Most of these people are not from well-known large institutions. They are basically the founders of start-up companies. Or investors in funds come to the United States to look for financing opportunities, targets, or the latest European and American funding trends. This also makes this conference an international and highly diversified platform, promoting exchanges and cooperation between the East and the West.

Overall, Consensus 2024 demonstrated the depth and breadth of the industry, providing direction for the future development of blockchain and cryptocurrency through international exchanges. This conference is not only an industry event, but also a collision and integration of the world's top ideas and technologies, heralding a more open, innovative and decentralized future.

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