Sooner than later, CZ and Balaji moved on, though. Zhuling Chen, founder and CEO of staking access startup RockX, his second crypto startup in Singapore, said that his view of the local crypto community is decidedly different from a luxury island for conspicuous billionaires. He describes a racially and gender diverse community, one that has diversified its cryptocurrency ecosystem as well. In addition to the ICOs, “Singapore had one of the earliest Ethereum communities,” he said. “When you go to NEAR meetups, or Solana, you see different people at each. There’s a strong fanbase” for a lot of different token projects.