This year’s Consensus conference, hosted by CoinDesk in New York City Midtown Hilton on May 14-16, not only exceeded expectations, it shattered them. The annual cryptocurrency and blockchain conference attracted more than 8,000 industry experts, startup developers, and government representatives to discuss the latest developments and challenges impacting the industry — and the turnout was overwhelming. Final totals more than doubled the anticipated 4,000 attendees and tripled the 2,700 who attended last year. The excitement in the air was palpable, and the message in the room was clear: The trajectory for the industry is skyrocketing, and the mainstream applications for space are simply too strong to overlook.
It’s with this mentality that Wachsman was created. Since 2015, we have sought to foster the development of strong, innovative companies with the hope of circulating their message to the world. At Consensus, CEO David Wachsman was able to do just that, moderating a panel entitled “Before Crypto, After Crypto,” which offered an in-depth analysis of the current state of the cryptocurrency journey today, as well as the steps required to achieve widespread implementation. The panel featured high-profile experts in the space, including Ted Livingston, CEO of Kik, Yoni Assia, CEO and Co-founder of eToro, and Slava Rubin, Founder of Indiegogo. Here are the key takeaways:
Finding Mainstream Success
At the panel, David aimed to spotlight a key transition that we’ve witnessed in the industry over the past year, as major multinationals have started to take notice of blockchain’s tremendous value and have begun to experiment with potential avenues for integration. This was an especially pertinent topic of conversation for Kik CEO Ted Livingston, who, just in the last year, worked to create Kin, a cryptocurrency purposed to eliminate the siphoning online ad revenue from end users. From social media giant to crypto pioneer, this past year has been a pivotal one for Kik, and Wachsman is proud to have played a role in helping the company find its place within the community through media and events support. While Kik was one of the first mainstream companies to consider cryptocurrency-related endeavors, it will not be the last, and Wachsman will stand ready to advocate for their long-term success.
Fostering Top Talent
Not only is Wachsman committed to aiding the household names of the world, but we are also committed to fostering the incubation of new talent in the space as well. At a monumental event like Consensus, it can sometimes seem easy to lose sight of the crypto’s humble beginnings. With this in mind, David discussed the industry’s rapid transformation with Slava Rubin, Founder of crowdfunding website Indiegogo, about how this growth has impacted the company’s ability to accurately pinpoint potential clients. What makes a platform stand out?
The answer? Vetting, vetting, vetting. To find the needle in a haystack of viable projects, companies like Indiegogo will need to remain vigilant to ensure that the startups they support have a clear vision for success. If this upcoming year is anything like the last, we can expect to see the arrival of new platforms that garner overwhelming interest from the community. In an increasingly saturated market, it will be critical for companies like Indiegogo to accurately discern the next big thing from the emperor’s new clothes.
Consensus is far more than just a reflection on the achievements of the past year, it’s a platform where industry leaders can gather to announce landmark initiatives to the world. This is precisely what leading investment platform eToro did when they announced that they will be launching their platform in the United States later this year. With more than 10 million registered users from 140 countries, eToro has become a mainstay in the international investment and crypto communities. However, it has yet to break into the U.S. market. This is all about to change.
At the panel, David asked eToro CEO and Co-founder Yoni Assia about what the future of cryptocurrency will look like, and what announcements like these mean for the future of the space. Amid such rapid growth, it may seem difficult to accurately pave the road ahead. However, with careful planning and a “think first, act second” mentality, crypto companies will not only flourish in the coming year, but they will be able to showcase — once and for all — their ability to change the world. And, as always, Wachsman will be there, ready to assist in this expansion.
At Consensus 2018, Wachsman CEO David Wachsman moderates a panel of distinguished industry experts, including Ted Livingston, CEO of Kik, Yoni Assia, CEO and Co-founder of eToro, and Slava Rubin, Founder of Indiegogo