Artificial Intelligence

Autonolas

Gracy

Realm

<div class="cryptonews">
 <p class="is-style-lead">Bitget increased its headcount ahead of anticipated developments in crypto’s two largest decentralized networks and the intersection between AI and digital assets.&nbsp;</p>
 <p>The crypto exchange added some 400 staffers to its <a rel="noopener noreferrer nofollow" title="workforce" href="https://thebittimes.com/tag/workforce.html">workforce</a> during 2023 in preparation for major industry trends involving Artificial Intelligence (AI), Bitcoin (BTC), and Ethereum (ETH). According to a letter from managing director Gracy Chen, Bitget’s hiring spree increased its employee number from 1,100 to 1,500.</p>
 <p>Chen said the extra hands were needed to leverage technological upgrades that have galvanized Bitcoin fervor and gradually displayed its value to traditional markets.&nbsp;The web3 service provider cited the emergence of inscriptions and BRC-20 <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> following the launch of Casey Rodarmor’s ordinals protocol.</p>
 <p>Spot BTC ETFs were also highlighted as a precursor for widespread adoption.</p>
 <blockquote class="wp-block-quote">
  <p>It is anticipated that the likely approval of the Bitcoin ETF in 2024, along with the next halving, will become a new narrative for BTC scripture. Assets such as BRC-20 under the Ordinals protocol, ARC-20 and Realm under the Atomicals protocol, and PIPE under the PIPE protocol, as well as the Bitcoin scalability sector, are worth continued attention.</p> <cite>Gracy Chen, managing director at Bitget</cite>
 </blockquote>
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 <p>Additionally, Chen sees further growth for Ethereum’s ecosystem with the arrival of forthcoming updates like Cancun and Dencun. Cancun will tap Ethereum nodes to achieve temporary off-chain data storage and retrieval, giving dapps more bandwidth to innovate and deploy solutions.&nbsp;</p>
 <p>Dencun will also introduce proto-danksharding, which developers tout as a step toward addressing high gas fees and enhancing Ethereum’s scalability. Testing for this upgrade is due to begin this month, crypto.news reported.&nbsp;</p>
 <p>Bitget and Chen commented on the long-term potential of a combined narrative between AI and blockchain. The market cap of the AI-centric crypto industry has surpassed $9 billion, recording a massive 540% growth in 12 months as projects like Autonolas (OLAS) skyrocketed.&nbsp;</p>
 <p>Nearly $2 billion of this increase happened in the final two months of 2023, signaling considerable <a rel="noopener noreferrer nofollow" title="interest" href="https://thebittimes.com/tag/interest.html">interest</a> in the crypto-AI sector. Regulation could play a significant role in how events unfold, with more jurisdictions paying attention to standardizing crypto activities.</p>
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   <img decoding="async" width="1024" height="279" src="https://cdn.thebittimes.com/images/2024/01/03/710b4a7ce879bc7ea9678df6ad62e198.webp" alt="Bitget stacks workforce amid growing interest in Bitcoin, BRC-20 tokens - 1"> 
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   Crypto AI token market cap as of Jan. 3 | Source: Coingecko
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Crypto regulation in 2024: forecasts and perspectives
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitget-stacks-workforce-amid-growing-interest-in-bitcoin-brc-20-tokens-tbt75488.html">https://thebittimes.com/bitget-stacks-workforce-amid-growing-interest-in-bitcoin-brc-20-tokens-tbt75488.html</a></p>

Bitget stacks workforce amid growing interest in Bitcoin, BRC-20 tokens

TheBitTimes

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