Welcome to the crypto winter
Last year, Austin scored a major coup when it landed Consensus 2022, a big in-person conference focused on the digital finance industry, specifically cryptocurrencies like Bitcoin and Ethereum. CoinDesk, a news and research company focused on the cryptocurrency industry, chose the Texas capital for its return to an in-person conference and it arrived splashy and huge, taking over not only the Austin Convention Center but several adjacent hotels and event spaces, its 17,000 attendees swarming downtown. This was June of last year. Three months earlier, South by Southwest, the city’s long-running big tech and culture conference had been a veritable playground for NFT enthusiasts, and dozens of panels hyped the transformative importance of the blockchain.
