Consensus 2018, one of the biggest cryptocurrency and blockchain conferences this year was overcrowded and many attendees had to wait for long hours in the line.
Consensus 2018 was so popular this year that the organizers had to deal with twice the number of expected attendees which was held at the New York Hilton Midtown hotel from 14th May to 16th May.
According to a Research from Standpoint, a market research company which is run by Ronnie Moas stated that at 2017 event there were 2,700 attendees and the firm expected around 4,000 attendees. This year standpoint reported around 8,000 attendees. Barry Silbert, the CEO of Digital Currency Group estimated around 8,500 attendees.
Ronnie Moas was disappointed by the large turnout, in a tweet he said that it felt like New York’s Grand Central Station and had to be conducted in a sports arena or convention center.
On May 14th, 2018 Ronne Moas tweeted “They sold too many tickets for Consensus 2018 8,000 people here[…..] It feels like Grand Central Station in New York riding the subway during rush hour. They should have held this conference in a sports arena or convention center, not in a hotel.”
He also told CNBC “It is a bit chaotic in here. I think they sold too many tickets.”
The organizer has generated over $17 million in sales even when the ticket price was at an average price of $2,000 and inconveniences like these did not stop the people from attending the event.
CoinDesk was responsible for the event and did not comment on the revenue generated. However, Jacob Donnelly, the Director of marketing apologized for the inconveniences caused to the attendees. He stated: “Whilst we apologize for any delays, Consensus 2018 has received overwhelming interest and is the largest blockchain-focused event ever held in the United States […..] We are working to reduce the wait time.”