PROOF of ERROR | NFT CULTURE | Web3 Culture NFTs and Crypto Art

The announcement by Proof of Conference (POC) to cancel their NFT conference has received some criticism from the community. The company states that it made the decision after weeks of sales data, talking to potential sponsors and talking to community members, and ultimately canceling the conference was the best choice. They also mention that they explored alternative options, such as a smaller venue in another location, reducing the scale of the event and lowering ticket prices, and even converting it to virtual only.

The company has also provided information on refunds for tickets, upgrades and any related transaction fees. They have also worked with their partners to ensure that all hotels booked with their half price discounts are fully refundable. For those who have booked through the rates and still plan to be in LA despite the conference being cancelled, they are offering help with rebooking.

The company acknowledged that the cancellation is disappointing to many of their audiences, especially those who have experienced the benefits of connecting with the community through proof events. However, they assured the audience that this is not a permanent cancellation of their events and that they plan to have less focused events this year until market interest warrants a larger conference.

Some members of the community have criticized the POC’s inability to put together the event despite raising over $200 million. They also expressed disappointment that they will not be able to attend the conference and jokingly mentioned hoping for more fanny packs instead.

The cancellation of the POC NFT conference has received some criticism from society. However, the company has provided clear information about refunds and assistance with rebookings for those who have already made an agreement. They have also assured the public that this is not a permanent cancellation of their events and that they plan to have less focused events this year until market interest warrants a larger conference.

Are Proof and the Moonbirds dead?

The announcement from PROOF suggests that they have decided to cancel a conference that was due to take place. They claim the cancellation will allow them to focus on their main priorities, which are developing products, art and fostering connections in their community. PROOF also claims that it will provide updates on its initiatives on March 2, and that it will continue to hold smaller events until market interest dictates a larger conference.

However, the language used in the announcement suggests that the cancellation of the conference may be a way to distract from its failure. The statement begins by emphasizing how difficult it was to organize the conference, and suggests that the cancellation was a difficult decision to make. This language could be seen as an attempt to deflect criticism or blame for the conference’s failure. In addition, the organization emphasizes their focus on execution and provides a specific date for updates on their initiatives, which could be interpreted as an attempt to shift attention away from the canceled event.

Furthermore, the announcement does not provide a clear explanation of why the conference was canceled or what caused it to fail. This lack of transparency may further suggest that the cancellation was not solely due to their focus on their core priorities, but rather a consequence of unforeseen circumstances. The organization’s assurance that smaller events will continue to be held until market interest warrants a larger conference may also be a way to maintain a semblance of normalcy and prevent backlash from their community.

While the announcement suggests the organization is refocusing on its core priorities, the language and lack of transparency may suggest the cancellation of the conference was an attempt to distract from its failure. It is important for organizations to be transparent with the community about the reasons for event cancellations to maintain trust and avoid suspicions of ulterior motives.

The web2 founders don’t cut for web3?

Kevin Rose is a prominent technology entrepreneur and investor, best known as the co-founder of Digg, a social news site that became popular in the mid-2000s. He has since been involved in various other ventures and investments, including the creation of a venture capital firm called True Ventures.

In recent years, Rose has been an active participant in the web3 ecosystem, which refers to the decentralized and blockchain-based technologies that are emerging as a new paradigm for the internet. He has invested in several web3 startups and has been a vocal advocate of the potential of blockchain technology to transform industries.

However, Rose’s foray into web3 has had its share of ups and downs. On the one hand, he has been involved in some successful projects, such as the creation of the popular cryptocurrency trading app, Blockfolio, which was acquired for over $150 million. On the other hand, he has also faced some setbacks, such as the failure of his decentralized finance (DeFi) project, Oink, which was shut down after just a few months.

Despite these challenges, Rose’s experience in the web3 space has been a valuable learning opportunity for him and has added another notch to his belt as a technology entrepreneur and investor. It also highlights the reality that even experienced entrepreneurs are not guaranteed success in the web3 space, which is still in its early phase and subject to many uncertainties and challenges.

Overall, Rose’s involvement in the web3 ecosystem has been a testament to his willingness to embrace new and emerging technologies and to take risks in pursuit of new opportunities. His experiences and insights will likely continue to be valuable to him and others in the technology community as the web3 ecosystem continues to evolve.