Singapore is a desirable country, clean, beautiful, and developed! As the most internationalized city in Asia, it attracts elites from all over the world to settle and work here. Its relatively open policies also create a friendly business environment for the web3 industry.

While on the plane, I read "Lee Kuan Yew's View of the World," which provides insights into Lee's thoughts and perspectives. Combined with my firsthand experience attending the Token2049 conference in Singapore and my observations of their city life, I would like to share my views on this country, my personal industry reflections, and some thoughts on investing in Singapore.

First and foremost, looking at Singapore's development history, its geographic environment, economic structure, political system, racial and cultural diversity, and population structure have shaped its foundation as a nation. The key lies in the need for a good and stable governance authority to ensure the country's continued prosperity and stability. Since its founding, the Lee family has laid a solid foundation and achieved astonishing accomplishments, making Singapore the most competitive country in the Asia-Pacific region. On the other hand, this place cannot withstand any political turmoil, as it relies on imports for everything except money. To counteract the aging population, Singapore relies on attracting immigrants. Any decision made is influenced by neighboring countries or major powers. If someone were to compare Singapore with China, I would say: I am optimistic about Singapore in the short term, but optimistic about China in the long term (Singapore has the ability to adapt quickly to changes that other countries cannot compare with, while China has a stable foundation as a major power, strong support capabilities, and great potential).

Secondly, regarding the web3 industry, although web3 is not solely about the cryptocurrency industry, its development is directly driven by the cryptocurrency sector. Singapore was originally the most crypto-friendly country in the world. However, due to last year's collapse of FTX, the brakes were applied slowly. The shocking data confirms this as well. The FTX collapse affected more than 260,000 Singaporean citizens, accounting for about 5% of the total population. Temasek Holdings also suffered losses of $200 million due to investment failures. Web3 has only brought traffic to Singapore, not prosperity. Strong regulation is inevitable, but Singapore still remains the most crypto-friendly country in the web3 space, after all, the spark has already ignited the fire. The only question remaining is when the bull market will arrive, with key breakthrough events such as RWA, on-chain US Treasury bonds, PayPal issuing stablecoins, major institutions applying for ETFs, the Fed stopping rate hikes and increasing liquidity, and Bitcoin halving.

Lastly, let me share some personal thoughts. It is exponentially more difficult to invest and settle in Singapore. In the entire web3 world, there is only one universal language, and that is English. It is a basic requirement for every globalized web3 participant. Therefore, it is essential to optimize one's language skills. In addition, one must have a deep understanding of various tracks such as DeFi, GameFi, SocialFi, NFT, etc. It is crucial to have an in-depth understanding of one's primary track, invest time in building a personal brand (part of the foundation that will accompany you throughout your life), establish solid monetization channels, maintain a healthy lifestyle, avoid debts, and leave the rest to time.