Bitget Expands Workforce in Anticipation of Crypto Developments
Bitget, a crypto exchange, has significantly increased its headcount to prepare for major industry trends involving AI, Bitcoin, and Ethereum. The company added around 400 new employees, bringing its total workforce to 1,500. This expansion was deemed necessary to leverage technological upgrades that have sparked enthusiasm for Bitcoin and demonstrated its value to traditional markets.
The Emergence of Inscriptions and BRC-20 Tokens
Bitget cited the emergence of inscriptions and BRC-20 tokens following the launch of Casey Rodarmor’s ordinals protocol. Additionally, the potential approval of the Bitcoin ETF in 2024 and the next halving were identified as factors that could shape the future of BTC.
Growth in Ethereum’s Ecosystem with Cancun and Dencun Updates
Bitget’s managing director, Gracy Chen, also sees further growth for Ethereum’s ecosystem with upcoming updates like Cancun and Dencun. Cancun aims to utilize Ethereum nodes for temporary off-chain data storage and retrieval, providing more bandwidth for dapps to innovate. Dencun will introduce proto-danksharding to address high gas fees and enhance Ethereum’s scalability.
The Intersection of AI and Blockchain
Bitget and Chen highlighted the long-term potential of combining AI and blockchain. The AI-centric crypto industry has experienced significant growth, surpassing a market cap of $9 billion with a 540% increase in 12 months. Projects like Autonolas (OLAS) have contributed to this growth.
Regulation’s Impact on Crypto-AI Sector
Regulation is expected to play a significant role in shaping the future of the crypto-AI sector, as more jurisdictions focus on standardizing crypto activities. The market’s interest in this sector is evident, with nearly $2 billion of the $9 billion increase occurring in the final two months of 2023.
Hot Take: Bitget Prepares for Crypto’s Future with Workforce Expansion
Bitget’s proactive move to increase its headcount demonstrates its readiness for anticipated developments in the crypto industry. By hiring additional staff, the exchange aims to leverage technological upgrades, such as AI advancements and the emergence of inscriptions and BRC-20 tokens. Additionally, Bitget recognizes the growth potential in Ethereum’s ecosystem with upcoming updates like Cancun and Dencun. The intersection between AI and blockchain also presents long-term opportunities. As regulation continues to shape the sector, Bitget remains well-positioned to navigate the evolving landscape and drive innovation.
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