Asia is rapidly emerging as a powerhouse in the world of Web3. Recently, at an insightful panel discussion, Gabe Yang, the director of ARC Community, interviewed his friend Ray Chan, best known as 9GAGCEO and Founder of Memeland. Together, they delved into the extraordinary influence of Asia as the epicenter of the Web3 revolution.
The panel commenced with Chan and Yang shedding light on the burgeoning Web3 landscape. What makes Web3 so remarkable, as Chan pointed out, is its inherent inclusivity, transcending borders and gender bias. “People don’t care who you are from behind the dark PFP. [Web3] is very gender-neutral, country-neutral. He adds that when there’s fair ground, you know that Asia is good at this.”
Ray Chan ventured into a discussion of work ethics and discussed the common stereotypes associated with Asians. While he agrees that Asians are often perceived as industrious and diligent workers who consistently overachieve, Chan astutely added that working smart is equally vital as working hard. He emphasized that life imparts invaluable lessons that extend beyond the confines of traditional classrooms.
Asia at the Helm of the Next Bull Market?
Yang posed an intriguing question to Chan: “Will Asia lead the next bull market?” Chan, with a hint of amusement, 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 underscored Asia’s historical significance in the crypto space and its potential to continue shaping the future of decentralized finance on a global scale. He also added that Asia not only leads the Web3 space but is at the forefront of most spaces, such as luxury goods and technology.
Ray Chan then talked about the decentralization of his Memeland team. In a bold move, he shared that his company now operates as a fully remote workforce without the constraints of physical office space. This paradigm shift reflects the prevailing trend of remote work in the modern digital era.
The ensuing discussion between Chan and Yang explored the nuances of remote work, delving into its advantages and drawbacks. Chan underscored that the essence of remote work lies in finding one’s unique path, as there is no universal formula for success. Remote work, he argued, should empower individuals and offer flexibility, aligning with the diverse needs of the workforce.
Chan humorously challenged the prevailing notion that remote work diminishes productivity, highlighting that many companies harbor a “fantasy of high productivity at work.” Drawing from his own office experience, he admitted to browsing websites during office hours, shedding light on the need for a more nuanced understanding of productivity in the remote work era.
Ray Chan imparted to the audience a significant message. “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 triumph isn’t measured by defeating others but by empowering individuals to flourish collectively.
As regions like Hong Kong and Korea continues to assert themselves as a trailblazer in this digital revolution, the speaker’s insights prove that Asia has always been one to watch— we’ve only just started to notice.