Consensus 2023: A Hotbed for Web3 Innovations Amid Regulatory Hurdles

Estimated read time 2 min read

Turning Up the Heat in Texas

Consensus 2023 made waves in Austin, TX, with over 15,000 attendees, 220 sponsors, and a whopping 410 speakers. It seems that despite the regulatory clouds casting shadows over cryptocurrency adoption in the U.S., the spirit of innovation thrives on. Maybe it’s the Texas sun that keeps the crypto flame burning bright, or perhaps it’s just that everyone loves a good ol’ blockchain party!

Caitlin Long’s Praise for the Attendees

The founder and CEO of Custodia Bank, Caitlin Long, pointed out how the conference attracted serious players in the ecosystem. Gone were the flashy Lamborghinis of 2018, replaced instead by a crowd more focused on building in the crypto “winter.” Long’s heartfelt tweet captured the atmosphere perfectly; it felt like a big, warm group hug—if that hug was made of blockchain enthusiasts!

Big Tech’s Blockchain Buzz

Among the big names like Mastercard, Google, and Coinbase, discussions about Web3 strategies were in full swing. James Tromans from Google Cloud introduced their Blockchain Node Engine, making running an Ethereum node a walk in the park—or perhaps a jog in the trendy Austin parks. The expansion into Polygon was just icing on the cake for those keen on developing in the increasingly popular zero-knowledge (ZK) space!

The Buzz Beyond the Main Stage

With 285 panels and 10 dedicated stages, Consensus was bustling. But the *real* gossip happened at side events like ZK360 hosted by Mina Protocol, which dove deep into the significance of zero-knowledge proofs in a decentralized world. When it comes to serious tech chats, sometimes the best conversations happen in the corners—just don’t forget your party hat!

Missing International Flair? Not Quite!

Despite the energy, there were murmurs about the event’s apparent lack of international representation. Yat Siu from Animoca Brands noted how vibrant discussions around crypto are alive and kicking in countries like Japan. But hey, even if the party felt a tad insular, Consensus 2023 still shined as a high-energy event, proving that deals and exchanges were very much on the agenda.

Reflecting on Future Growth

Keith Grossman from MoonPay echoed sentiments on the palpable excitement among executives and companies looking to make their mark in the Web3 space. As the dust settles on Consensus 2023, many attendees left buzzing with thoughts of future collaborations, confirming that while regulations may loom like storm clouds, the sunshine of innovation is still shining through.

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