This post features the key takeaways from one of the crypto space's most important events.
The EthCC conference positions itself as a major event for hardcore Ethereum developers and builders to hack, code and talk shop. However, EthCC turns out to also be a perfect opportunity for networking and business development. In any case, it wasn't an event GTON Capital could miss out on.
One thing that was noticeable this year, was a substantial decline in activity and presence of VCs, which had several explanations. First, the conference ran at a difficult time for the crypto industry. Major projects, such as Three Arrows Capital, Celsius and Voyager Digital have recently filed for bankruptcy, and the effect on many funds involved in the space has been brutal.
Second, a series of recent crypto fiascos coupled with the worst bear market in three years have shaken overall confidence in the crypto sector, also raising questions about the current state and future of DeFi.
However, those who did come to the conference didn’t seem stressed. The vibe at EthCC was overwhelmingly positive, with most people excited about the fact that a bear market translates into no grifters as there’s no fast and easy profit to be made.
For the entire week, participants divided their time between serious activities and hard partying. In fact, EthCC is much more than just a conference, as it traditionally features many social events, in addition to conference-format stuff.
With smaller, more niche events, like Metaverse Summit or Web3 Conference, added, the EthCC week emerges, also featuring numerous business breakfasts and brunches and, of course, parties.
And these are the main takeaways from the conference.
Overall, this year's EthCC, in addition to helping establish promising partnerships and contracts, proved that GTON Capital is ahead of trends and has chosen the right path, stack and vision.
GTON Capital builds infrastructure to advance digital capital markets including GTON Network — L2 Ethereum rollup with $GCD stablecoin as a native currency, Pathway — algorithms for the pricing of governance tokens, set of mutually reinforcing DeFi protocols, DONs, and more.
By combining cutting-edge achievements of Web 3.0 technology, GTON Capital creates a more advanced and stable foundation for DeFi development.