DeFi

DeFi community marvels at ETHDenver over interoperability and Kennedy – DL News

Published

9 months ago

8 May, 2024

CoinFlix Staff

DeFi community marvels at ETHDenver over interoperability and Kennedy – DL News

DeFi came out in a big way this year at the “best ETHDenver ever.”
Bitcoin advocate Robert F. Kennedy Jr. made his pitch to crypto-loving voters.
Interoperability is back as the lines between crypto projects blur.

Crypto conferences are one of the rare occasions where investors can see the faces behind this $2.5 trillion industry.

Among these exhibitions, ETHDenver is the the biggest — Last year, 15,000 participants from more than 115 different countries were welcomed.

With an increasingly saturated circuit of crypto events spanning multiple continents, you’d think attendees would get bored – that’s not the case. Creating a decentralized, permissionless, and scalable way to transact value is an iterative process, and no one knows that better than the Ethereum faithful.

“This is the best ETHDenver yet,” said many attendees I spoke to, ranging from crypto executives to curious enthusiasts, and even some of my fellow journalists.

Cleaning rally

Soaking up the vibe of ETHDenver, it’s hard to believe that just a few months ago, crypto fortunes were very, very different.

Falling valuations, the collapse of FTX, and a series of costly hacks left even the most die-hard believers wondering if crypto would come back.

But a gathering has a way of wiping the slate clean. In the month leading up to the event, Ethereum experienced a 50% tear, bringing the asset to its highest price since early 2022.

As a first-time visitor to Spork Castle, the affectionately named main events hall, my only point of reference was EthCC, the largest European Ethereum conference with limited tickets costing over $500.

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ETHDenver, which is free to enter, had a decidedly more American atmosphere.

The food offered was sweet, greasy and heartbreaking. Beers were $15 and politics was still present.

This year there was even the high-profile, and perhaps last-minute, addition of a press conference and fireside chat with independent presidential hopeful Robert F Kennedy Jr – or RFK Jr for many of his supporters.

So, with the cool Colorado breeze in my hair, I ventured past the bomb-sniffing dogs and metal detectors to see what ETHDenver could tell me about the state of the crypto industry and those who invest in it.

Kennedy comes to ETHDenver

When I learned there would be an exclusive press conference with Kennedy at ETHDenver, I had mixed feelings.

Yet I couldn’t not come on, that would be journalistic malpractice. And in the end, I’m very happy I did it.

On an unusually warm Saturday afternoon, Kennedy emerged from behind a black curtain in a back room of the conference, surrounded by several intimidating-looking bodyguards with headphones.

Robert F. Kennedy Jr. speaks to the press at ETHDenver. Photo credit: Tim Craig/DL News (DL News)

His voice was fragile and hoarse, which I later learned was due to his spasmodic dysphoniaa voice disorder that gives his speech a strained quality.

Still, the presidential candidate kept his cool and it didn’t take long before he had the crowd laughing.

A reporter asked a complex question about what Kennedy was doing to become a more attractive candidate for crypto supporters.

“Well, I came here,” he said pointedly back.

When it was my turn to ask a question, I asked the candidate about his unwavering environmental beliefs and his support for Bitcoin.

When it was my turn to ask a question, I asked the candidate about his unwavering environmental beliefs and his support for Bitcoin, which, despite many improvements in recent years, still relies heavily on non-renewable energy.

To my surprise, his response hit all the right talking points. He explained how sustainable Bitcoin mining can help subsidize green energy projects by monetizing excess energy. It was clear that Kennedy’s understanding and support of cryptography was more than superficial – he gets it.

However, immediately afterward, he responded to a joking question about whether Bitcoin was perhaps causing autism a little less.

“Correlation does not equal causation,” he said.

“Is the science still up for debate?” » said the applicant.

“Exactly.”

His response was clearly a joke. But the exchange and the topic reminded me of Kennedy’s past experience promoting public health conspiracy theories, something many of his supporters at the event seemed desperate to ignore.

“He’s not anti-vax,” a volunteer at the Kennedy booth told me. “You have to think: Did I hear him say that, or was it the mainstream media?

From left, Paul Frambot of Morpho Labs, Devin Walsh of the Uniswap Foundation, and Sam MacPherson of Spark Protocol discuss how DeFi is evolving during a panel hosted by Tim Craig at ETHDenver on March 1. Photo credit: DL News

I asked why she and others had come to ETHDenver to campaign.

“People are fed up with it,” she said, making a general comparison to the general unease crypto people feel with the existing financial system.

One idea I heard repeatedly during the conference was that crypto proponents and Kennedy supporters have a lot in common: they both propose an alternative to the existing order, whether of the two-party system in Washington or the monetary policies of Washington. central banks around the world.

I wasn’t sure if RFK was a real alternative. But judging by the number of badge-wearing attendees, many at ETHDenver certainly did.

Younger generations want a plan B

Conferences like ETHDenver are notorious for their side events, lavish and often unofficial parties thrown by companies with excessive marketing budgets or crypto-whales looking to flaunt their wealth.

Consensys, the company behind the popular MetaMask crypto wallet, invited me to their event, a modest happy hour at a local hotel bar.

A MetaMask employee, who said he was 50 years old, explained how he struggled to get other people his age interested in crypto.

“They’ve been too good for too long,” he theorized. The reason younger generations are interested, he says, is because they “need a plan B.”

Certainly, millennials are the main owners of crypto, with a recent study revealing that over 76% of crypto buyers were aged 25-40.

Millennials, the most populous generation in U.S. history, are also experiencing slow wage growth, unaffordable housing and soaring prices due to emergency spending during the pandemic.

After the event, I was invited to a semi-secret party at Consensys, which I was assured would be a wild time.

I had heard rumors that the night before, members of the Bitcoin maximalist crowd – crypto fans who denounce all other cryptocurrencies except Bitcoin – had thrown their own raucous party over in which participants dyed their hair orange and received Bitcoin on the spur of the moment. tattoos.

But in Denver, at 6,000 feet above sea level, the alcohol hits a little harder than usual, so after three drinks, I decided to call it a day.

ETHDenver, or everyone Denver?

Like the broader crypto ecosystem, the lines between different projects are becoming increasingly blurred. And ETHDenver, which started in 2018 as a close-knit event for die-hard Ethereum fans and builders, is also following this trend.

Projects like Solana and Polkadot, both of which have been hailed as “Ethereum killers” in the past, had set up camp at the booth and hosted official ETHDenver events.

Their presence, I thought, reflected the push toward interoperability happening within the broader blockchain ecosystem.

Chains like Solana and Ethereum, which were previously isolated from each other due to their different software implementations, are now easy to connect thanks to specialized protocols like Wormhole, LayerZero, and Axelar.

So it made sense that I could chat with the team behind the Ethereum Layer 2 blockchain Arbitrum and then find the Solana developers right around the corner.

An omnipresent tribalism

My inner cynic knows that the reason for so much diversity at an Ethereum conference was purely financial. As long as a project has money, they can purchase as many stands and sponsorships as they want.

But at the same time, I wondered if the situation also had positive aspects and if it could help break down the pervasive tribalism and infighting between different blockchains and DeFi protocols.

Then again, Denver is a city where you can’t walk two blocks without a whiff of cannabis invading your nostrils, so it could have been just that.

Tim Craig is DL News’ DeFi correspondent based in Edinburgh. Contact us with advice at tim@dlnews.com.

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Related Topics:crypto news ethereum solana

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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