Why Is ETHDenver Free? A Conversation with Founder John Paller

Words by
Mike Klein
December 20, 2023

In the world of crypto conferences, tickets often cost upwards of $1,500 for access to the latest projects and technology. Not so for ETHDenver, one of the space's most popular gatherings centered around education and building on Ethereum. I recently spoke with ETHDenver founder John Paller to learn why he bucks the expensive ticket trend and how giveaways fuel his event’s wild success. Here's what he had to say. But first, check out the full episode here:

“We focus on education and not shilling,” John explains. “It's not just a commercial venue where people are trying to buy and sell, do deals." Instead, ETHDenver operates as a cooperative owned by members who can join for free by participating in the event.

The first of its kind structure removes the pressures of a financially-driven business.

"Why would you charge a bunch of money to just give it back to them later?" John asks. "You're just creating games that don't, or that are unnecessary."

The event's accessibility speaks volumes in the crypto space where high priced conferences can limit certain groups from engaging. "If I'm brand new to crypto, and I don't know anything about it, am I gonna pay $1,500 to come? Or let's say I'm a little skeptical and I'm not sure. Am I gonna pay $1,500 to come and listen to all that?” John explains. “No. If it's free, will I? I'm much more inclined."

This year ETHDenver formalized membership in its cooperative to meet legal requirements. But a spork token stake to join could deter newcomers unfamiliar with crypto wallets and tokens. "Have we sort of made a barrier, you know, even though we're trying to demonstrate this tack and we're trying to dog food?" John ponders. "Are we sort of creating a barrier?"

It's a careful balance between staying true to crypto roots and being welcoming to all. But John seems confident the event's culture and community will prevail over any road bumps. He believes people sense the intention. "It's free. I know. It’s free,” John emphasizes. “It's intentional. And the social dynamic is important. And the minute you change that by making people coming to your conference or festival a customer. It's different. It's a different vibe. It's a different constituency. It's a different person who's going to come."

Fostering an environment for "creative collisions" remains central to the event's success.

ETHDenver designed experiences specifically so people organically connect and innovate, from beanbag chill rooms with live DJs to art galleries encouraging expression. John focuses less on what he can extract from the event and more on facilitating community growth.

"This year I've told the team that it's the year of optimizing our scale and our growth and really reinforcing our ethos and cultural vibes in that optimization to make sure that we don't lose our way," John shares. "The one thing that really breaks my heart is when people say, well, I like the old ETHDenver because it was more vibey and more intimate."

But he continues, "how do we educate more people? If we just make it like a club where there's only a certain amount of people that can come, yeah, sure, we can just sit around and smell each other's farts like other conferences. But like, it's about bringing new people in and it's about expressing new creativity and giving people a place and a space to do that."

It's a fine balance, but John believes the heart is scale with care. And the numbers speak volumes. In just two years, attendance ballooned from 2,500 to over 25,000 people. Hundreds of Ethereum projects trace their origins to ETHDenver. The event also delivered 4000 meals around Denver last year to give back.

While John fields requests to monetize ETHDenver more, he sees financial gains as secondary. "I know a lot of really wealthy people that look in the rear view mirror and feel they don't have a lot of meaning," John notes. "For me, it's all about that meaning. And the economics have a tendency to take care of itself."

This cycle of generosity, rather than extraction, propels ETHDenver's purpose and community. Financial rewards flow from the value they provide attendees. John's fondest memories come from the joy radiating at ETHDenver. "There's definitely some personal joy for me in seeing people enjoy themselves," John shares.

At its core, ETHDenver's refusal to capitalize on its own popularity reveals a profound commitment to community impact over profit-seeking. And somewhat paradoxically, this generosity and accessibility have created the fertile soil for viral growth.

It offers a case study in creating ecosystems driven by intrinsic motivations like learning rather than financial incentives alone. As John summarized aptly: "The experience is just much better at onboarding people."

As the crypto industry reckons with its ideological roots, ETHDenver sets itself apart as an event optimized for education and creative collaboration rather than flashy commerce and token speculation. Anchored in its early vision, ETHDenver offers a conference model that could inspire increased grassroots participation across a maturing crypto landscape.

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