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New Era of Blockchain leadership: Rex Teo being made EXCO at Blockchain Association of Singapore

Rex Teo, an entrepreneur with a keen interest in the blockchain and crypto space, is a self-learnt coder, and believes blockchain will be the face of new technology in coming years.

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The Blockchain Association of Singapore (BAS) has just welcomed Rex Teo, one of Singapore’s most prominent blockchain entrepreneurs, as a Key Executive Member. BAS was formed to facilitate collaboration between all stakeholders in the Blockchain ecosystem. In light of providing all members with a platform to engage with multiple stakeholders to find solutions to issues and to promote best practices in a collaborative, open, and transparent environment. 

I am proud to be a part of BAS as it represents the blockchain community, upholds its members’ integrity, supports the development of relationships within the blockchain community, and collaborates with regional and international blockchain organizations. This is an excerpt from his speech on how he views BAS and the role it will play in shaping the blockchain space in Singapore.

Rex Teo’s Path to Success

Rex Teo is an entrepreneur who has a keen interest in the blockchain and crypto space. He is a self-learnt coder, and he is intrigued by cryptocurrencies. He believes that there is huge potential for application in future and blockchain will be the face of new technology in coming years. Rex believes that a decentralized model will be more important than a centralized model as it promotes equality and transparency if done with the right purpose. Not only does decentralization offer economic advantages, but it also makes systems more democratic and less susceptible to being controlled or manipulated by any single entity.

He also stressed that Web 3.0 is full of promise. He believes that Web 3.0 can make a difference to the industry’s transparency, decentralization, scalability as well as supporting charity. Although Web 3.0 still needs to overcome obstacles including government regulation and the lack of public consensus, he holds firm that the future belongs to digitalization. The scale of virtual assets has expanded exponentially over the past decade, and such rapid growth will not slow down in the future.

How he think he can benefit blockchain in Singapore

Being the founder and CEO of Asia first custodial NFT marketplace – Upstairs, he also introduced the proactive efforts and business innovations behind his team in trying to bridge the gap towards the Web 2.0 field. The company is making NFT trading for modern-day consumerism and providing intuitive user interfaces that could bridge the gap for users unfamiliar with cryptocurrency wallets. Upstairs is also the go-to for artists who engage with their fans in the ever-dynamic Web3 space and for collectors who want to browse premium and exceptional art curated from their favorite brands and artists.

Rex mentioned that: It’s always about usability. Buying an NFT now requires too many steps between wallet, exchange and interaction with the platform. We certainly need a friendlier solution. If this can later be adopted in Singapore, we should be able to see more applications of NFT and blockchain technology in the scene. 



(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.) 

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