New York City Has Blockchain Fever with Millions In Ticket Sales For Crypto Conferences

Blockchain Week New York has seen a number of large scales cryptocurrency conferences flood the Big Apple with thousands of blockchain experts, entrepreneurs, and community members.

New York's yearly convergence of cryptocurrency conferences is one of the biggest events on the blockchain calendar, and for the past three years has been associated with an increase in value in Bitcoin and other high market cap cryptocurrencies.

Operating from May 11th to May 17th, Blockchain Week New York City has cemented NYC as a rising hub for distributed ledger technology development.

The high number of blockchain conferences occurring in New York this week bring with them a windfall in the form of ticket sales - Consensus, for example, offers blockchain entrepreneurs, developers, and investors the opportunity to join a list of 7,000 or so colleagues at the event.

The number of attendees at blockchain related events in Blockchain Week is also increasing.

The increase in ticket sales is a dramatic step up from just three years ago when the first Blockchain Week saw just 1,500 participants.

Not all blockchain industry participants are happy about the rising importance of New York Blockchain Week, however.

Ethereum co-founder Vitalik Buterin stated in April that he'd be boycotting Blockchain Week due to high ticket prices, noting that CoinDesk "Is recklessly complicit in enabling giveaway scams".

The cryptocurrency market in general traditionally exhibits positive price movement subsequent to New York Blockchain Week.

With New York Blockchain Week drawing to a close on the 17th of this month, markets are already beginning to swing back into the green.