ETH Denver Conference Impressions: VC Indifference, Lackluster Narratives, and the Disillusionment of Idealism
By @kokii_eth https://x.com/kokii_eth/status/1896017012083868040 1. Compared to last year — and even more so than the recently concluded Consensus — the overall atmosphere was much more subdued, with panel speakers noticeably outnumbering the audience. 2. In the short term, there is little evidence of any momentum that could reverse the trend in the secondary market. However, I remain optimistic about a policy turnaround in the United States and am generally positive about the price trend in the second half of the year. 3. It’s a case of some celebrating while others are dismayed. Projects that have already secured substantial funding or successfully launched are quietly taking advantage of the low prices to accumulate more, while star projects that have not yet launched are collectively postponing their TGE (Token Generation Event) by three months. Meanwhile, many mid- to lower-tier projects are now struggling with insufficient runway. 4. Returns for VCs have been less than ideal; man...