The Ethereum faithful took over Paris for EthCC this week.
This week, thousands of builders, degens, and other cryptocurrency enthusiasts descended on Paris for the fifth edition of the Ethereum Community Conference (EthCC), Europes biggest Ethereum meet-up. In the years since EthCC launched, Ethereum has become a sprawling ecosystem holding billions of dollars in locked value. Its the main hub for DeFi and NFTs and settles trillions of dollars in transactions annually. Though various competitors have had moments in the sun over the past year, Ethereum is still the biggest and most widely-used smart contract network in the world, and its dominance over the blockchain ecosystem is such that multiple other Ethereum-adjacent networks tagged onto EthCC with their own side events this week.
Most crypto conference attendees will admit that the opportunity to connect with others at spin-off parties is as much of a draw as the main ticket, but even with dozens to choose from this time around, EthCC itself had a lot to keep Ethereum enthusiasts occupied. The three-day event welcomed speakers from some of the ecosystems top projects to Maison de la Mutualit, and demand was so high that many top industry heads were left ticketless.
The brutal European heatwave left many people exhausted well before the talks had wrapped up on the first day, but the conference only seemed to improve as it went on. Several Layer 2 projects used the occasion to announce their various ZK-Rollup developments, and beyond the main stage the venue was packed with the usual array of stalls, their hosts dishing out t-shirts, NFTs, and Ethereum-branded macarons to anyone whod stop by.
By far the most-attended talk of the week was the one from Vitalik Buterin himself. Contrary to his 2021 presentation on expanding Ethereum beyond DeFi, Buterin used his 40-minute slot to go deep on what the networks future will look like after the Merge and other major developments. The Ethereum creator explained that the protocol needs to overcome a few hurdles to set itself up for the future, summarizing the outlook as short-term pain, long-term gain.
Prysmatic Labs Terence Tsao used his slot to explain the complexities of the Merge to Proof-of-Stake, and PWNs Josef Je introduced himself as an early Silk Road fanboy turned Ethereum settler. After extolling the benefits of the psychedelics hed acquired with Bitcoin on the dark web, he went on to ask audience members who considered themselves a crypto native. Most people raised their hands, then he presented a list of the criteria he thought people needed to meet to earn such a titlesignificant crypto asset holdings, regular DeFi activity, and habitual crypto use for payments among them. In other words, he was more or less outlining the self-sovereign, decentralized lifestyle that Ethereum makes possible.
Je was a diehard who subscribed to the freedom-first ideology that sucks people into the space forever, and I wasnt surprised to hear the crowd cheering as soon as he mentioned mind-bending chemicals; blockchain might be a relatively new phenomenon, but its not hard to see the parallels it shares with the LSD-fueled counterculture movement of the 60s.
As for the party schedule, there was more than enough on offer for those looking to burn the candle at both ends. This was my first Ethereum conference, and I was taken aback by the number of ETH devotees I met over the course of the week. It seemed like Ethereums native asset was almost everyones heaviest bag, to the extent that conversations rarely touched on other ecosystems. This wasnt the kind of cringeworthy maximalist crowd you find spreading toxicity on Bitcoin Twitter; most of them struck me more as idealists who gravitated toward Ethereum a while ago and never really left.
A whale I ran into at MakerDAOs DAIvinity party told me he doesnt look beyond Ethereum or Layer 2 because dedicating his time elsewhere would be too much of a distraction, then he guided me through some of the most valuable blue chip NFTs hed acquired and the amount of ETH hed spent on each. Im annoyed I didnt grab a Hoodie [Crypto]Punk when they were only $200,000 the other week, he sighed, unwittingly pointing out the staggering returns early birds have enjoyed over the past few years (ETH was priced at $0.30 when it launched in 2015 and topped $4,800 in late 2021; today it trades closer to $1,600). The OpenSea baller wasnt the only one who made it clear his loyalty was to Ethereum. What do you think of Solana? one degen asked me at a ConsenSys happy hour. I hate it, but Im bullish, he said.
Another member of our team inadvertently ended up at a party that was mostly filled with venture capitalists and pretentious money types in designer suits rubbing shoulders with one another; when he got there, he was greeted by a Palau government employee who shilled him the countrys recently-launched digital ID program. The guy explained that it was easy to get an ID and change ones name to pass Binances KYC restrictions. We looked into this before we left Paris to see what we could dig up; our investigation is still ongoing.
Other than a super low-key Polychain-hosted event headlined by Justice, the hottest afterparty ticket in town was for rAAVE, Aaves late-night soire held a stones throw from the Sacr-Cur. I didnt hear about Justice until after the fact but got into rAAVE because I was fast to get to the secret passcode that was revealed during Stani Kulechovs Lens Protocol talk; others had less luck. Inside was a testament to Aaves place at the forefront of Ethereumland, with a sea of Aave-branded tees on view whenever the lights went up in place of the dark dancefloor and lasers. At some point, I got talking to someone else who wrote crypto content, and then they left me on the dancefloor to scope out some psilocybin from their friend. Then I realized it was approaching 02:00 and I had to be up for my Eurostar back to London four hours later. Although I stayed later than intended, at times rAAVE felt like more of an upmarket affair in the 8th arrondissement for people who think clubbing involves bottle service and sparklers than the sweaty throwdown it was trying to be (sorry guys, but its actually annoying when you clap in time with house music, and why on earth was there a closed-off VIP area if this was meant to be a party?)
For the few days I was at EthCC, I heard little talk of crypto prices. ETH came close to $1,600 during the event after dipping below $900 a month prior, igniting hopes of a possible extended Merge rally. But even after days of ETH outperforming the rest of the market, most people seemed more interested in talking about what they were working on or the development updates announced at the event. Maybe its the months-long market slump (ETH is still 66% down from its peak) and widespread macro fears, or maybe its the exhaustion everyone is feeling from reading about failed Ponzi schemes and reckless leveraged trading. Either way, whether ETH trades a multiple higher, lower, or at its current price in July 2023, Ethereumand EthCCwill still be around. The few thousand believers who flocked to Paris for this weeks conference probably arent going anywhere either.
Disclosure: At the time of writing, the author of this piece owned ETH, AAVE, MATIC, and several other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Buterin said that Ethereum faces short-term pain, long-term gain as it prepares for the Merge and other major changes. Buterin Discusses Ethereums Future Ethereum is in a long and complicated...
Polygons new Layer 2 network is set to launch its testnet later this summer ahead of a full mainnet launch in early 2023. Polygon Reveals EVM-Compatible Layer 2 Polygon has...
The rally comes two days after Tim Beiko suggested a tentative September 19 launch date for Ethereums long-awaited Merge to Proof-of-Stake. Ethereum Rallies Amid Merge Hype Ethereum is breaking out....
- "Ukraine's only mistake was its desire to exist in freedom" - France ONU - September 29th, 2022
- Construction on NC Freedom Park Wrapping Up - INDY Week - September 29th, 2022
- Human Rights Council Holds Annual Discussion on the Integration of the Gender Perspective, Focusing on Overcoming Gender-Based Barriers to Freedom of... - September 29th, 2022
- Suze Orman Says Homeownership Is Not the Key to Financial Freedom. Here's Why She's Right - The Motley Fool - September 29th, 2022
- Three Seas Initiative should be America's transatlantic partnership for economic freedom, not another woke agenda - Washington Examiner - September 29th, 2022
- Using their voices to speak up for books and freedom - Forest Park Review - September 29th, 2022
- Oprah's Book Club Author Jarvis Jay Masters on How Writing Has Given Him Freedom and Power - Oprah Mag - September 29th, 2022
- Hungarian President: "True freedom is not having to go along with the mainstream" - Hungary Today - September 29th, 2022
- Freedom football fights way to 3-score win over Central Catholic - lehighvalleylive.com - September 29th, 2022
- MAGA Hot Mic: Women in Idaho Are Losing The Freedom to Access Birth Control - Democrats - Democrats.org - September 29th, 2022
- El Salvador hosts Adopting Bitcoin conference as nation promotes financial freedom - PR Newswire - September 29th, 2022
- Wednesday Freedom Kicks: Another D.C. United injury, International roundups, and more - Black And Red United - September 29th, 2022
- Reproductive Freedom Event happening Thursday | Campus | bgfalconmedia.com - bgfalconmedia.com - September 29th, 2022
- Tuesday Freedom Kicks: International matches galore, Dave Johnson part of Annapolis Blues ownership group, an - Black And Red United - September 29th, 2022
- The Howard University Skate Club: A Celebration of Freedom and Authenticity - The Hilltop Online - September 29th, 2022
- Opinion/Bah: Defending democracy and freedom is more important now than ever - The Providence Journal - July 31st, 2022
- Saint Augustine's University Partners with Student Freedom Initiative to Receive $1.6 Million in Software and Services - Saint Augustine's University - July 31st, 2022
- The Freedom of a Carefree, Social Retirement at Wind Crest | YourHub - The Denver Post - July 31st, 2022
- Alankrita Shrivastava writes | Bra, unhooked: For that heaven of freedom - The Indian Express - July 31st, 2022
- The Resounding Right of Mutulu Shakur to Die in Freedom - CounterPunch - July 31st, 2022
- Friday Freedom Kicks: Wayne Rooneys watch begins Sunday, Washington Spirit returns to action tonight, and mo - Black And Red United - July 31st, 2022
- Will Ohio Attorney Don Yost join the fight for freedom of speech? - Portsmouth Daily Times - July 31st, 2022
- Slavery, Captivity and Freedom the story of Batavia's 'Other Henry Clay' - The Batavian - July 31st, 2022
- Black Bird review: A thrilling story of a bargain for freedom, and a fitting farewell to Ray Liotta - The Hindu - July 31st, 2022
- Postage stamp to be released to honour freedom fighter Ondiveeran - The Hindu - July 31st, 2022
- Freedom movement 2.0: Farmers hit the final nail in Trudeaus coffin - TFI Global News - July 31st, 2022
- Wednesday Freedom Kicks: A new DP (sort of), Loudoun United return to action, and more - Black And Red United - July 31st, 2022
- Stories of freedom fighters should be taken to every household: Raj Guv - Devdiscourse - July 31st, 2022
- The world must condemn Burmas execution of freedom fighters - The Hill - July 29th, 2022
- Having freedom to recover and pursue - The Robesonian - July 29th, 2022
- Maggie Rogers: Choice is the greatest sense of freedom - NME - July 29th, 2022
- What Should Freedom of Religion Look Like in Public Schools? - Northeastern University - July 29th, 2022
- ImagineIF Libraries to be awarded with the Pat Williams Intellectual Freedom Award - Montana Right Now - July 29th, 2022
- Freedom House to open office in Taipei - Focus Taiwan - July 29th, 2022
- Increasing Assaults on Thomas Jefferson Ignore His Contributions - Daily Signal - July 29th, 2022
- Religious Freedom and the Respect for Marriage Act - Reason - July 29th, 2022
- Arizona Freedom Caucus hopes to be a force at the Capitol - Axios - July 29th, 2022
- Company exploiting post-pandemic freedom with automation solutions - Creamer Media's Mining Weekly - July 29th, 2022
- OPINION: What blinds Freedom Foundation to this gift? - Lewiston Morning Tribune - July 29th, 2022
- King: Do not insult, ridicule religions in the name of freedom of expression - The Borneo Post - July 29th, 2022
- Second Amendment has become distorted. Why do we defend it? - The Arizona Republic - July 29th, 2022
- Group behind St. Brigid's church purchase denies ties to 'Freedom Convoy', says it's about peace and love - CTV News Ottawa - July 29th, 2022
- Poilievre will need more than promises of freedom - The Globe and Mail - July 29th, 2022
- British gave India freedom to hate. We are staring at Partition violence again - ThePrint - July 29th, 2022
- Andrea Vance: How flawed freedom of information system keep the public in the dark - Stuff - July 29th, 2022
- WILL THAULT: Freedom Month Part 4: Freedom from fear | Local | albanyherald.com - The Albany Herald - July 25th, 2022
- Ohio University interim freedom of expression policy adopted to comply with new state law - Ohio University - July 25th, 2022
- Upcoming forum to explore meaning of 'freedom' - The Dispatch - The Commercial Dispatch - July 25th, 2022
- CM Punk & Jade Cargill Weigh In On Their Creative Freedom in AEW - 411mania.com - July 25th, 2022
- Burgess: Religious freedom is who we are - Chillicothe Gazette - July 25th, 2022
- Review: The Digital Republic: On Freedom and Democracy in the 21st Century, Jamie Susskind - The New York Times - July 25th, 2022
- Luis F Salazar and Digital Art: "I love giving the freedom for the observer to interpret my art" The European Times News - The European... - July 25th, 2022
- A Crop of New Novels About Race and Racism Finds Freedom in Satire - The New York Times - July 25th, 2022
- I'm proud to be an American because I've lived without freedom - Fox News - July 25th, 2022
- AAP passes off a Bangladeshi Islamic cleric as an Indian freedom fighter. Here is what happened - OpIndia - July 25th, 2022
- Wawa Welcome America to capture expressions of freedom in storytelling event - WHYY - June 30th, 2022
- North Texas LGBTQ people say they live between fear and freedom - The Dallas Morning News - June 30th, 2022
- The frightening implications of Justice Thomas press freedom dissent - The Hill - June 30th, 2022
- What the truck? The 'freedom convoy' protesters are heading back to Ottawa - The Conversation - June 30th, 2022
- For Many Women, Roe Was About More Than Abortion. It Was About Freedom. - The New York Times - June 30th, 2022
- Why it is the best of times and the worst of times for religious freedom - The Hill - June 30th, 2022
- Flags, Family and Freedom - Bay Weekly - June 30th, 2022
- Everything Happening For the Kids at Freedom Has a Birthday! - laramielive.com - June 30th, 2022
- Snake River Landing ready to welcome thousands for Riverfest, Melaleuca Freedom Celebration - East Idaho News - June 30th, 2022
- Compelled snitching? Oklahoma Christian's attack on free speech and academic freedom is worse than we realized - Foundation for Individual Rights in... - June 30th, 2022
- Last Freedom Rock being painted in Altoona - WHO TV 13 Des Moines News & Weather - June 30th, 2022
- First Freedom Fest is Friday in Lihu'e - The Garden Island - June 30th, 2022
- 5 Things Washington: 'Commitment to Reproductive Freedom,' Q&A w/ Vince Porter, 988 launch - State of Reform - State of Reform - June 30th, 2022
- Column: A holiday of history, spirit and freedom - Hickory Daily Record - June 30th, 2022
- Winter on Fire: Ukraine's Fight for Freedom (2015) - IMDb - June 29th, 2022
- Opinion: Let's win the messaging war on the freedom of abortion - The Connecticut Mirror - June 29th, 2022
- American freedom will be on the line this November - ncpolicywatch.com - June 29th, 2022
- America's obsession with freedom is making men fat: study - New York Post - June 29th, 2022
- Giants receivers excited about freedom of Brian Daboll's offense - Giants Wire - June 29th, 2022
- What would you have done if a freedom seeker had knocked on your door? - York Daily Record - June 29th, 2022
- Meta Showcases How the Metaverse Will Enhance Freedom of Expression - Social Media Today - June 29th, 2022
- Ehrhard: Liberty, freedom score wins at the Supreme Court - Boston Herald - June 29th, 2022
- Hundreds gather at Reproductive Freedom Rally in Midland - Midland Daily News - June 29th, 2022
- The Freedom of Imagining Yourself as a Fish - The Atlantic - June 29th, 2022
- Arizonans for Reproductive Freedom looking for 356K signatures to get abortion initiative on the ballot - FOX 10 News Phoenix - June 29th, 2022