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In a proactive move reflecting the evolving landscape of the cryptocurrency market, Bitget, the crypto exchange, has significantly increased its workforce.
The expansion, amounting to approximately 400 new employees throughout 2023, positions Bitget to experience anticipated developments within the two prominent decentralized networks, Bitcoin (BTC) and Ethereum (ETH), and the intersection of Artificial Intelligence (AI) with digital assets.
Bolstering the Team for Industry Trends
Managing Director Gracy Chen conveyed the necessity of this substantial increase in staffing, elevating the total employee count from 1,100 to 1,500.
The augmentation is strategically timed to harness the transformative potential of technological upgrades propelling Bitcoin's influence and its increasing integration into traditional markets.
According to Crypto News, Bitget acknowledges the influential role of developments such as inscriptions and BRC-20 tokens, particularly after the launch of Casey Rodarmor's ordinals protocol.
Foreseeing Growth in Ethereum's Ecosystem
In a letter, Chen outlined Bitget's forward-looking perspective, citing the imminent enhancements within Ethereum's ecosystem. Anticipated updates like Cancun and Dencun are expected to shape Ethereum's future trajectory.
By leveraging Ethereum nodes, Cancun aims to achieve temporary off-chain data storage and retrieval, providing decentralized applications (dApps) with enhanced bandwidth for innovation and solutions deployment.
Simultaneously, Dencun introduces proto-danksharding, a development aimed at mitigating high gas fees and improving Ethereum's scalability, with testing scheduled to commence this month.
AI and Blockchain: A Long-Term Convergence
Beyond the immediate developments, Bitget and Chen foresee the long-term convergence of Artificial Intelligence and blockchain technologies.
The crypto industry centered around AI has witnessed remarkable growth, surpassing a market cap of $9 billion, marking a staggering 540% surge in a year.
According to Tron Weekly, the final two months of 2023 alone contributed nearly $2 billion to this growth, signaling a pronounced interest in the crypto-AI sector.
As the sector matures, regulatory frameworks are expected to play a pivotal role, with jurisdictions increasingly focusing on standardizing crypto activities for sustained industry growth.
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