VICTORIA, Seychelles, Feb. 5, 2024 /PRNewswire/ — Bitget Wallet, a global leading Web3 trading wallet, has officially announced the appointment of Alvin Kan as its Chief Operating Officer (COO) to lead the company’s global growth strategy and coordinate brand development, operations, and growth initiatives.
Alvin Kan brings a wealth of expertise with over 15 years of professional experience, having held prominent roles at BNB Chain and Sei Labs. Notably, he spearheaded ecosystem growth at BNB Chain and served as the Head of Asia for Sei Labs. Before this, Alvin spent almost a decade at LinkedIn, where he led the Asia-Pacific data team and played a crucial role in the company’s strategic development across Asia. With a strong background in market growth and data analysis in the Web2 domain, coupled with his insightful understanding of building Web3 ecosystems, Alvin is well-equipped to introduce innovative ideas and steer global growth strategies at Bitget Wallet. His leadership will be instrumental in shaping the company’s direction and planning for the upcoming year, elevating the brand’s global presence.
In outlining the company’s 2024 development plan, Alvin emphasizes a strategic focus on acquiring new users, expanding the roster of supported assets, and exploring novel opportunities.
1. Global Expansion and Growth
In 2024, Alvin is charting a course for global expansion, outlining a comprehensive globalization strategy that involves deploying localized teams in strategic regions worldwide. This initiative aims to establish operational capabilities tailored to specific regions, facilitating accelerated growth and market penetration on a global scale and catering to the diverse needs of a global userbase. Initial endeavors in Turkey, Vietnam, and Pakistan have demonstrated promising outcomes, laying the groundwork for broader success.
Amidst a bullish market outlook, the cryptocurrency sector is poised to attract a diverse influx of new users and key opinion leaders (KOLs) spanning various industries. Alvin’s unwavering commitment involves fostering a symbiotic relationship between product development and market operations within the company. This approach ensures a seamless integration for new users, hailing from diverse backgrounds, into the dynamic realm of Web3. Moreover, strategic collaborations with well-established Web2 brands are on the horizon to amplify synergy and elevate Bitget Wallet’s global brand recognition.
2. Capturing New Narratives and Assets
As the COO of Bitget Wallet, Alvin will be spearheading the establishment of a more adaptive team structure, geared towards swift responses to market dynamics and keen recognition of emerging narratives and assets. This initiative aims to facilitate the rapid implementation of technology and product strategies. “New assets will always be at the core of wealth generation within this industry,” Alvin says. “Our goal is to be the first to uncover the next big opportunity for our users.”
Equipped with core features like Swap, smart quotes, Launchpad for new offerings, and inscription tools, Bitget Wallet is strategically crafted to empower users in capitalizing on valuable assets early, thereby maximizing returns. Alvin underscores a dual-strategy approach, advocating for the robust execution of long-term initiatives alongside flexible engagement with short-term trends. This balanced strategy ensures a nimble response to market shifts while concurrently focusing on meticulous infrastructure development. The overarching aim here is to fortify Bitget Wallet’s product suite and establish a robust infrastructure to fully harness the benefits of sustained growth.
3. Exploring New Opportunities in Wallets
Web3 wallets as an industy have witnessed significant growth from basic functionalities such as address creation, fund transfers, and receipts to more advanced features such as the integration of multi-chain DEXs, NFT marketplaces, and diverse protocols. This evolution has broadened the scope and redefined what it means to serve a Web3 wallet in today’s context, elevating them to comprehensive Web3 gateways that encompass asset management, Swap transactions, inscriptions, NFT minting, and interactions across entire blockchain ecosystems. Notably, innovations like MPC and AA wallets have contributed to enhancing user experiences, introducing greater convenience. Throughout this transformative journey, Bitget Wallet has consistently positioned itself at the forefront, actively exploring and anticipating future trends in the realm of Web3 wallets.
Under Alvin’s leadership, Bitget Wallet is actively working towards establishing systematic capabilities, consistently expanding core product features, and fostering innovation based on emerging narratives. The goal is to carve out a distinctive competitive edge for Bitget Wallet in the dynamic market. Alvin places a strong emphasis on simplifying the product experience, aiming for Bitget Wallet to serve as a seamless Web3 bridge.
“In our recent App version, the team has thoroughly reconsidered and redesigned the UI, with a dedicated focus on enhancing user-friendliness and ease of experience,” Alvin highlights.
“Bitget Wallet has always been on what we believe is the right path to chart the future of Web3 Wallets,” he concludes. “Continuous progress is key in ensuring that we continually place ourselves and our users at the forefront of Web3 innovation.”
About Bitget Wallet (Web3 Trading Wallet)
Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 15 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
Validation Cloud Secures $5.8 Million in Inaugural Funding to Propel Web3 Infrastructure
ZUG, Switzerland, Feb. 28, 2024 /PRNewswire/ — In a significant stride towards revolutionizing Web3 infrastructure, Validation Cloud has proudly announced the successful closure of its first external investment round, amassing $5.8 million. Spearheaded by San Francisco-based Cadenza Ventures, this funding round exceeded expectations with contributions from an impressive roster of international investors, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Alex Nwaka, Co-Founder of Validation Cloud, expressed enthusiasm about the funding, “This investment marks a pivotal moment for Validation Cloud as we aim to address the urgent demand for scalable and compliant Web3 infrastructure. We’re honored to collaborate with our investors who are instrumental in propelling the global adoption of our platform among cutting-edge networks, developers, and asset managers.”
Validation Cloud is at the forefront of Web3 technology, having developed an innovative system architecture that paves the way for significant advancements in the sector. Known as the “Cloudflare of Web3,” the company offers a robust, scalable, and intelligent platform providing Staking, Node API, and Data services, drawing inspiration from Cloudflare’s transformative impact on Web2 infrastructure.
Founded by veterans in the Proof-of-Stake domain, Validation Cloud boasts a team of highly experienced professionals from renowned organizations such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more, emphasizing a talent-first approach with a worldwide workforce.
Kumar Dandapani, Managing Partner at Cadenza Ventures, highlighted the strategic vision behind their investment, “At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”
Aly Madhavji, Managing Partner at Blockchain Founders Fund, shared his thoughts on the investment, “We believe in the transformative power of Web3 and its ability to redefine how businesses operate. Investing in Validation Cloud aligns perfectly with our vision of supporting innovative platforms that are ready to lead the next wave of digital transformation.”
Validation Cloud has earned a reputation for its close partnerships with networks from their nascent stages, supporting a wide array of ecosystems from established ones like Chainlink, Hedera, and Stellar to emerging networks such as Aptos, Eigenlayer, and Berachain. Their platform lays the groundwork for the enterprise adoption of networks, positioning Validation Cloud as a key player in the Web3 infrastructure landscape.
For further details on Validation Cloud and its offerings, please visit www.validationcloud.io.
Please contact: Kelly Clark, Director of Communications | [email protected]
Klarna says its AI assistant does the work of 700 people after it laid off 700 people
The Swedish fintech, which was criticized for its handling of a dramatic staff reduction in 2022, is touting new efficiencies powered by OpenAI.
Klarna is bullish on bots.
One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now, pay-later company has released new data touting its ability to handle customer communications, make shoppers happier, and even drive better financial results.
The app-based AI chatbot already handles two-thirds of all customer service chats, the company said Tuesday—some 2.3 million conversations so far—with the virtual assistant earning customer satisfaction ratings at the same level as human agents. Klarna, which is expected to go public this year and will need all the hype it can get at a time when investors have been generally frosty toward IPOs, estimates that the chatbot could help improve its profits by $40 million in 2024.
Announcing a partnership with OpenAI early last year, Klarna said it was one of the first companies to integrate the firm’s groundbreaking ChatGPT technology into a plug-in for shopping. The natural-language interface initially helped customers choose items and make other shopping-related decisions based on personalized queries, a feature Klarna described as “smooth shopping.”
The company has continued to build out its AI offerings since then. Its app-based assistants are now available to customers worldwide and handle a variety of tasks including refunds, cancellations, and even disputes.
Klarna boasted in its announcement on Tuesday that the AI assistant “is doing the equivalent work of 700 full-time agents.”
That statement may raise eyebrows for anyone who remembers the middle of 2022, when the company laid off roughly the same number of employees, then about 10% of its staff. At the time, CEO Sebastian Siemiatkowski cited economic uncertainty, inflation, and the likelihood of a recession as reasons for the cuts. He was criticized for his handling of the staff reduction after he shared a public spreadsheet on LinkedIn that contained the names of many of the laid-off workers.
Fast Company asked Klarna how the company arrived at its calculation for its AI assistant’s human-equivalent productivity. The company said the number of equivalent jobs the AI could perform wasn’t related to the layoffs. In a statement, a spokesperson said the company’s customer service is supported by four to five large third-parties that collectively have over 650,000 employees, and that it offers customers the option to speak with human agents if that’s what they prefer.
“This is in no way connected to the workforce reductions in May 2022, and making that conclusion would be incorrect,” the statement read. “We chose to share the figure of 700 to indicate the more long-term consequences of AI technology, where we believe it is important to be transparent in order to create an understanding in society. We think [it’s] important to proactively address these issues and encourage a thoughtful discussion around how society can meet and navigate this transformation.”
Companies have used chatbots for years to handle low-level customer queries and other interactions, although these tools are expected to become more versatile in the wake of advancements in artificial intellegence.
Source: Fast Company
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KAPSARC Launches Saudi Arabia’s First School of Public Policy
- Inspired by His Royal Highness, the Minister of Energy, Prince Abdulaziz bin Salman Al Saud’s passion for education, human capital development and innovation, the KAPSARC School of Public Policy (KSPP) was founded as the first institution in Saudi Arabia dedicated to graduate studies and executive education in public policy.
- Through its academic offerings, KSPP empowers individuals to tackle pressing public policy challenges and embrace the promising opportunities shaping the future.
- KSPP’s facilities will run on 100% renewable energy, setting a precedent as one of the first net-zero facilities in the Saudi educational sector.
RIYADH, Saudi Arabia, Feb. 28, 2024 /PRNewswire/ — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has been granted an establishment license for its School of Public Policy (KSPP) after the recent approval by the Council of Ministers, and which was announced during the Human Capability Initiative (HCI) on February 28, 2024, conducted under the patronage of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and the Chairman of the Human Capability Development Program Committee, one of Saudi Arabia’s Vision 2030 Realization Programs.
Aiming to set new standards in policy studies, the school offers a two-year master’s degree and executive education programs designed to enable and empower future policy leaders and professionals within Saudi Arabia and globally to address the most pressing domestic and international public policy challenges in the public, non-profit and private sectors.
This significant achievement was announced by His Royal Highness, Prince Abdulaziz bin Salman Al Saud, the Minister of Energy, Chairman of the Board of Trustees of KAPSARC: “The vision for KAPSARC School of Public Policy is to develop the knowledge and skills that the new generation needs to shape public policy both locally and globally. Our mission is to empower and equip future policy leaders and professionals within Saudi Arabia and internationally to make informed socio-economic decisions.”
In a statement on the sidelines of the school’s launch, Fahad Alajlan, President of KAPSARC, stressed the Center’s mission to impact public policy on national, regional, and global levels. “Our new School of Public Policy will equip future leaders with the right skills to create data-driven and evidence-based public policy in line with Vision 2030 goals.”
Dr. Ghadah Alarifi, Founding Dean of KSPP, stated that, “Public policy serves as the foundation of societal progress. At KSPP, we aim to be a catalyst for collaboration, building a robust ecosystem that bridges academia, industry, and government in the public policy arena.”
By leveraging KAPSARC’s network, KSPP provides a platform for global engagement and career growth opportunities, offering practical application and flexible courses tailored to empower policymakers in different tracks including energy policy.
The school is committed to achieving high sustainability standards in the Saudi educational sector, including the goal of running on 100% renewable energy. This dedication ensures that KSPP meets its annual energy needs through on-site renewable resources, eliminating the use of fossil fuels.
For more information about KSPP, visit https://www.kapsarc.org/about-the-school/.
Follow KSPP on social media:
- X: @KAPSARC_SPP
- LinkedIn: @ KAPSARC School of Public Policy
KAPSARC is a leading think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. For more information about the center please visit: https://www.kapsarc.org/
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