A tech campus in Malaysia’s $100 billion ghost city got shut down. One crypto executive is on a mission to revive it.
"Silicon Valley's for tech, why not we make Forest City a hub for AI and blockchain?" Jeff Yew, head of Monochrome Asset Management, told BI.
Malaysian crypto executive Jeff Yew has plans to revive the former Network School campus in Forest City, Malaysia, which was shut down by authorities in July. The campus, located in the $100 billion "ghost town" development, was once home to the tech commune Network School, founded by former Coinbase CTO Balaji Srinivasan. Yew, head of Monochrome Asset Management, sees the site as an opportunity to create a hub for AI and blockchain entrepreneurs in the region, addressing the current fragmentation of crypto companies and individuals across Malaysia and Singapore.
The proposal, still in its early stages, aims to build a community where people can work, learn, and eventually settle down with their families, leveraging Forest City's existing infrastructure and tax incentives.
Brief written by urgent.news from Business Insider's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
