Crypto: Internet users are turning to Web3 at the expense of Bitcoin

On November 28, crypto lender BlockFi and eight of its subsidiaries officially announced bankruptcy. This was the result of the domino effect born from the fall of FTX and the deleterious situation prevailing in the digital asset market. BlockFi had significant exposure to the crypto exchange. With the situation, 250 employees found themselves unemployed. For many in the industry, BlockFi’s staff was one of the most skilled in the industry. It is therefore not surprising that players in the digital industry are interested in the profiles now available. This is the case with Google.

Rishi Ramchandani to head Google’s Web3

Less than a month after crypto lender BlockFi went bankrupt, its former VP Rishi Ramchandani is back on his feet. The Google Cloud division of the American giant has just made its choice on him. He will lead now Google’s Web3 development projects in the Asia-Pacific region.

“I am excited about the next step in my career. I look forward to expanding Google Cloud’s efforts in Web3 in the Asia Pacific market. I also look forward to working with the wonderful people there. »he wrote on Linkedin.

The announcement of Richi Ramchandani’s choice was widely shared on Twitter

For his part, the general manager of Google Cloud Customer, Partner Engineering and Web3 GTM, Mitesh Agarwal, said he was delighted with the arrival of Rishi Ramchandani to lead the company’s Web3 strategy in this region.

The choice of Richi Ramchandani is not trivial. At BlockFi, he was Vice President for Asia. The Silicon Valley giant wants to capitalize on its experience to take on this market. Google is aware of the enormous potential of Web3. Like many other players in the sector, he is in the race to become the leader.

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