Just a few weeks before 20,000 people descended on Austin, Texas, for CoinDesk’s annual festival, the terraUSD (UST) stablecoin collapsed, wiping over $80 billion from the total crypto market cap and triggering a wave of sell-offs. Coinbase slammed the brakes on hiring and announced it would be rescinding already-accepted job offers – despite earlier promises the Nasdaq-listed exchange would do no such thing.
For four days, conference-goers ate, drank and were merry. They traversed the city on scooters in the Texas heat, bouncing between networking sessions and hackathons in various hotels to sessions in the Austin Convention Center (ACC), featuring some of the biggest names in crypto and culture including whistleblower Edward Snowden, FTX CEO Sam Bankman-Fried and rapper 2 Chainz.
Attendees eagerly collected DESK, CoinDesk’s social token, and used it to pay for tacos and barbecue from food trucks or Consensus-branded merchandise. At night, they swapped DESK for drink tokens at...
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