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NFT conference canceled due to less interest than anticipated

TL;DR

  •  Proof of Conference, slated to run in May, has been canceled due to less interest than anticipated.
  • The announcement was made despite recent market growth for NFTs.

The flagship conference, “Proof of Conference,” set for May, has been canceled. According to Kevin Rose, co-founder of the nonfungible token (NFT) collection Moonbirds, the cancellation was due to  “less interest than anticipated.”

The conference was first announced in early November. It was scheduled for May 11 to May. 13 in Los Angeles. However, Rose explained in a Feb. 20 letter to ticket holders that it wasn’t “the right time” for the conference:

“As you know, in the world of NFTs, timing is everything. And today, it’s time for us to recognize that right now isn’t the right time for the PROOF of Conference.”

Rose said that he and his PROOF team looked into options, such as choosing a different city from Los Angeles, a smaller venue, condensing the event’s scope, and cutting ticket pricing.

NFT conference was to host industry experts

Nonetheless, Rose concluded that it would be wiser to call off the entire event. Adding that, It is evident that there is significantly less interest than anticipated for an event like this right now, as seen by many weeks’ worth of sales data, conversations with possible sponsors, and conversations with community members.

Rose affirmed that PROOF has a claim website for customers to file non-refundable flight cancellations and that Ether (ETH) refunds are currently being processed.

Michael “Beeple” Winkelmann, the creator of the well-known NFT that sold for $69 million in March 2021, Reddit co-founder Alexis Ohanian, Greg Solano and Wylie Aronow of Yuga Labs, and businessman Gary Vaynerchuk were all scheduled to be at the event.

The announcement was made despite recent market growth for NFTs, which reached an eight-month high in January for monthly NFT trading volumes above $1 billion.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Lacton Muriuki

Lacton is an experienced journalist specializing in blockchain-based technologies, including NFTs and cryptocurrency. He dabbles in daily crypto news rich with well-researched stats. He adds aesthetic appeal, adding a human face to technology.

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