Bitget is hiring as interest in Bitcoin, BRC-20 tokens grows
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Bitget has increased its headcount ahead of anticipated developments at two of the largest decentralized networks in cryptocurrency and at the intersection of artificial intelligence and digital assets.
The cryptocurrency exchange is adding approximately 400 employees in 2023 to prepare for major industry trends such as artificial intelligence (AI), Bitcoin (BTC), and Ethereum (ETH). Bitget’s hiring spree has boosted its headcount from 1,100 to 1,500, according to a letter from managing director Gracy Chen.
Chen said additional manpower is needed to take advantage of the technological upgrades that have fueled enthusiasm for Bitcoin and gradually demonstrated its value to traditional markets. The web3 service provider mentioned the emergence of Inscription and BRC-20 tokens after the launch of the Ordinal Protocol by Casey Rodarmor.
Spot BTC ETFs are also considered to be pioneers in widespread adoption.
It is expected that the possible approval of a Bitcoin ETF in 2024, as well as the next halving, will become the new narrative of the BTC classic. Assets such as BRC-20 under the Ordinals protocol, ARC-20 and Realm under the Atomics protocol, PIPE under the PIPE protocol, and the field of Bitcoin scalability deserve continued attention.
Gracie ChenManaging Director of Bitget
Furthermore, with the arrival of upcoming updates such as Cancun and Dencun, Chen expects the Ethereum ecosystem to further develop. Cancun will leverage Ethereum nodes to enable temporary off-chain data storage and retrieval, providing dapps with more bandwidth to innovate and deploy solutions.
Dencun will also introduce original danksharding, which developers see as a step toward solving high gas fees and enhancing Ethereum’s scalability. According to crypto.news, testing of the upgrade will begin this month.
Bitget and Chen commented on the long-term potential of combining artificial intelligence and blockchain. The AI-focused cryptocurrency industry has reached a market capitalization of over $9 billion, with projects such as Autonolas (OLAS) soaring to a massive 540% growth in 12 months.
Nearly $2 billion of this growth occurred in the last two months of 2023, indicating considerable interest in the crypto-AI space. As more jurisdictions focus on standardizing cryptocurrency activities, regulation is likely to play an important role in how events unfold.
