16. April 2024

Polkadot Decoded 2023: Bear Markets are for Building!

• Polkadot Decoded 2023 was a conference focused on building better products instead of worrying about token price.
• The conference attendees discussed the challenges and successes of transitioning companies to Web3, VC funding transparency, and making blockchain more welcoming to builders.
• The mantra of this year’s event is to focus on building better products instead of worrying about token price.

Polkadot Decoded 2023 Conference

Polkadot Decoded 2023 was a two-day blockchain conference held at the Øksnehallen conference center in Copenhagen, Denmark. More than 100 speakers and 100 blockchain projects attended the event with the mission to build better products and foster interoperability between projects in the Polkadot ecosystem.

Topics Discussed

Speakers at the conference discussed various topics such as: helping traditional finance (TradFi) and web 2 companies transition into web 3; making VC funding for projects more transparent; and creating a more welcoming environment for builders in blockchain technology. There was also an emphasis on building better products instead of worrying about token prices or speculating on any particular project’s success or failure.

Mantra of Event

The mantra of this year’s event was to focus on building better products instead of worrying about token price, which is why there were hardly any discussions about airdrops, token prices, memecoins, Bitcoin hitting new all-time highs or other popular topics in crypto conversations. Building first mentality was the whole vibe of Polkadot Decoded .

Benefits Of Bear Markets

The beauty of crypto bear markets is that they catalyze a realignment of perspectives and objectives which helps get rid off hidden leverage, speculation, hucksters and snake oil salesmen from the market. This helps create an environment that focuses solely on creating solutions with product-to-market fit that have some sort of realistic real world application backed up by solid fundamentals rather than empty promises or unrealistic expectations from hyped up projects.


Overall, Polkadot Decoded 2023 has been successful in its goal to bring attention back to creating meaningful applications for blockchain technology rather than focusing solely on speculative investments or short term gains through trading tokens. The event has served as a reminder that despite bear markets crypto still has immense potential if used correctly and built upon responsibly which can help push forward further adoption from both investors and developers alike.