A tech campus in Malaysia’s $100 billion ghost city got shut down. One crypto executive is on a mission to revive it.

Jeff Yew, a Malaysian crypto executive, has plans for the former Network School campus in Forest City, Malaysia.

Monochrome Asset Management.

Network School, a tech commune founded by former Coinbase CTO Balaji Srinivasan, was shut down by authorities in July.

Its former campus sits in Forest City, Malaysia's $100 billion "ghost town" development.

Now, a local crypto executive wants to turn it into a hub for AI and blockchain.

Just weeks after Malaysian authorities shut down a live-in commune for tech entrepreneurs in its $100 billion " ghost town ," a local crypto executive wants to take over the site.

Jeff Yew, head of Monochrome Asset Management, told Business Insider that he sees the former Network School campus at Forest City , Johor, as an opportunity to concentrate a crypto-entrepreneurial scene that he says remains "fragmented" across the region.

" Silicon Valley 's for tech — why don't we make Forest City a hub for AI and blockchain?" Yew, 32, said.

Yew said crypto companies and entrepreneurs remain scattered across Malaysia and Singapore, without a clear physical hub where they can cluster.

Forest City could fill that gap, he said, pointing to its existing infrastructure, proximity to Singapore, and tax incentives.

He envisions a campus where people could work, learn from one another, and eventually settle down with their families.

Built by the Chinese property developer Country Garden, Forest City in Malaysia was designed to house up to 700,000 people.

Those ambitions never materialized.

Marielle Descalsota/Business Insider "All it needs is a push in a direction to the right community," Yew, who was born in Penang, Malaysia , said.