A tech campus in Malaysia’s $100 billion ghost city got shut down. One crypto executive is on a mission to revive it.
Crypto executive Jeff Yew is proposing to transform the abandoned Network School campus in Malaysia's Forest City into a dedicated hub for AI and blockchain startups. The initiative aims to consolidate the fragmented crypto-entrepreneurial scene in the region by leveraging existing infrastructure and tax incentives.
Why it matters
This project attempts to revitalize a massive, underutilized real estate development while creating a centralized physical ecosystem for Southeast Asian tech innovation.
Jeff Yew, a Malaysian crypto executive, has plans for the former Network School campus in Forest City, Malaysia. Monochrome Asset Management. Network School, a tech commune founded by former Coinbase CTO Balaji Srinivasan, was shut down by authorities in July. Its former campus sits in Forest City, Malaysia's $100 billion "ghost town" development. Now, a local crypto executive wants to turn it into a hub for AI and blockchain. Just weeks after Malaysian authorities shut down a live-in commune for tech entrepreneurs in its $100 billion " ghost town ," a local crypto executive wants to take over the site. Jeff Yew, head of Monochrome Asset Management, told Business Insider that he sees the former Network School campus at Forest City , Johor, as an opportunity to concentrate a crypto-entrepreneurial scene that he says remains "fragmented" across the region.
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