Yaroslav Ivanov, CVO at ALTA Photographer: Sai Karri / Crypto Cowboy Media
As an experienced crypto founder with 8 years of experience, Yaroslav Ivanov attended Consensus 2023 for the first time and found his initial impressions of the event were only strengthened. Looking back to 2017, Yaroslav recalls how the industry eagerly anticipated this event, hoping for important insider decisions that could potentially affect the price of Bitcoin.
Today, the sentiment among attendees is quite different, with some still recovering from the recent market downturn while others view the current conditions as ripe for growth.
The State of Crypto Market
Market remains stable, and the community is passionate about building the blockchain ecosystem. The involvement of major Web2 corporations such as BlackRock, PepsiCo, MoneyGram, and J.P. Morgan is a positive indication of mass adoption being on the horizon.
The developer community is seeing an increase in young participants, and students have already developed a significant number of products. The crypto market provides ample opportunities for creativity and innovation, making it accessible to anyone regardless of their technical knowledge. It has opened up a vast space for the entire world to explore and benefit from.
Regulatory pressure
While the SEC and Coinbase engage in a fierce online battle, large corporations are concerned about their interests in Web3.
Yaroslav Ivanov, Co-Founder and CVO at ALTA: "I'm delighted that many billion-dollar corporations are joining Web3, but I'm disappointed in their lack of courage to accept that they are can be part of the crypto industry. 'Don't go to the woods if you're afraid of bears' - they need to gather their wits or seek advice from ALTA. Institutions like SEC should continue to profit from their roles and do their jobs; this doesn't mean everyone should turn away from or fear the crypto industry."
There is no end to the life of the industry in the U.S. market. The countries are slowly continuing their mass-adoption. Those who are afraid to migrate from Web2 to Web3 can follow the example of sponsors of sporting events by sponsoring without becoming athletes.
Sustainable Development Vector
Yaroslav was impressed by the strong commitment to sustainable development among the top 50 crypto of CoinMarketCap. He also noted that the younger generation is not swayed by FUD from SEC, which is in line with Satoshi's vision.
EVM of projects is generating new strategic investments for the industry, while inspiring founders continue to leverage DLT technology to simplify and optimize our future.
Behind the scenes, crucial decisions are being made with billions at stake. New projects can apply for the Blockchain Accelerator program offered by ALTA, which is dedicated to expanding the quantity and quality of internal products within the ecosystem
The Web3 Smartphone Has Arrived
ALTA Blockchain Lab received an invitation to a private event called "Become Legendary," where the upcoming Solana Mobile Saga was presented one day before Consensus.
This event is a great incentive for developers to create dApps on the Solana platform since they can see them in action instantly on the Saga. Although Solana still has to use the Android operating system, we are eagerly waiting for the first blockchain operating system from all members of the Web3 industry.
Oleksandr Babak, Vice President of creative at ALTA: "All the developers who have built their projects on Solona can only be envied. Now they will be able to provide all their users with a unique decentralized experience of using their developments directly on their crypto-smartphones."
Co-Founder Anatoly Yakovenko of Solana and Co-Founder Yaroslav Ivanov of ALTA were born in Ukraine, which is not surprising given the large number of Ukrainian talented individuals who are currently driving the blockchain industry forward.
Consensus 2024
Despite the difficulties, Consensus 2023 won the hearts of many newcomers and strengthened the cryptocurrency market, thanks to the efforts of CoinDesk. A date has already been announced for the next Consensus 2024, May 29 - June 1 in Austin, Texas. Everyone should be a part of this fantastic cryptocurrency market. Early tickets are available now for the cheapest price. See you there.
