In this article, Ray Chan and Gabriel Yang delve into the topic of Asia’s increasing prominence in the realm of Web3. They explore how Asian countries are embracing blockchain technology and decentralized systems, and how this shift could potentially disrupt global markets. This insightful discussion sheds light on the factors contributing to Asia’s rise in Web3 dominance and highlights the implications it holds for the future.
# Asia’s Rising Influence in Web3: A Panel Discussion
Asia is rapidly emerging as a powerhouse in the world of Web3. Recently, Gabe Yang, the director of ARC Community, had an insightful panel discussion with Ray Chan, best known as 9GAG CEO and Founder of Memeland. Together, they explored the extraordinary influence of Asia as the epicenter of the Web3 revolution.
The discussion began with Chan and Yang shedding light on the burgeoning Web3 landscape. One remarkable aspect of Web3, as Chan pointed out, is its inherent inclusivity that transcends borders and gender bias. According to Chan, “People don’t care who you are from behind the dark PFP. [Web3] is very gender-neutral, country-neutral.” This inclusivity is a testament to the fair ground that Asia excels at.
Chan then delved into a discussion on work ethics and the common stereotypes associated with Asians. While acknowledging that Asians are often perceived as industrious and diligent workers who consistently overachieve, Chan emphasized the importance of working smart in addition to working hard. He highlighted that life imparts invaluable lessons that extend beyond the confines of traditional classrooms.
## Asia’s Key Role in the Next Bull Market
In a thought-provoking question posed by Yang, Chan was asked if Asia would lead the next bull market. With a hint of amusement, Chan responded, “Asia led the last bull. 70% of the miners are there. Asia has been at the forefront of the crypto movement from the very beginning.” This statement highlights Asia’s historical significance in the crypto space and its potential to continue shaping the future of decentralized finance on a global scale. Furthermore, Asia’s leadership extends beyond the Web3 space, as it takes the lead in sectors such as luxury goods and technology.
Chan also discussed the decentralization of his Memeland team, revealing that the company now operates as a fully remote workforce without the constraints of physical office space. This shift reflects the prevailing trend of remote work in the digital era.
The advantages and drawbacks of remote work were further explored in the discussion between Chan and Yang. Chan emphasized that the essence of remote work lies in finding one’s unique path, as there is no universal formula for success. Remote work should empower individuals and offer flexibility to align with the diverse needs of the workforce.
Chan humorously challenged the notion that remote work diminishes productivity by admitting to browsing websites during office hours in the past. This highlights the need for a more nuanced understanding of productivity in the remote work era.
Chan’s takeaway message to the audience was significant. He stated that “The real competition isn’t Frank DeGods, it isn’t Zagabond, or Luca Netz. The real competition is people outside of Web3.” This statement encapsulates the collaborative ethos of the Web3 community, where success is measured by empowering individuals to flourish collectively rather than defeating others.
As regions like Hong Kong and Korea assert themselves as trailblazers in this digital revolution, the insights shared during the panel discussion prove that Asia has always been one to watch.