Singapore: Indian-origin tech entrepreneur Balaji Srinivasan has purchased a private island near Singapore to build what he calls a “Network State”- a decentralized, digital-first society for techies, creators, and founders.
Born in Plainview, Long Island, son of Dr Many and Dr Bhavani Srinivasan, Tamil-origin physician parents, Balaji holds multiple degrees in Electrical and Chemical Engineering from Stanford University. Over the past two decades, he has co-founded and backed several high-profile tech ventures — including Counsyl, Earn.com, and Teleport — and invested early in Bitcoin, Ethereum, OpenSea, and Alchemy.
A former CTO of Coinbase and co-founder of multiple Silicon Valley ventures, Srinivasan envisions a future where online communities with shared values evolve into globally recognised nations. His project, which once sounded like a futuristic thought experiment, is now unfolding on a real island with real people, and it’s creating quite the buzz, TechCrunch reported.
The island is home to ‘The Network School’, a three-month residential program that merges entrepreneurship, emerging tech, and personal transformation. Participants, handpicked for their ambition and unconventional thinking, wake up to gym sessions and spend the day attending workshops on artificial intelligence, blockchain, and startup innovation.
“We got an island. That’s right. Through the power of Bitcoin, we now have a beautiful island near Singapore where we’re building the Network School,” Srinivasan posted on X.
“We’re looking for remote workers, digital creators, personal trainers, developers — people who want to earn crypto, build things, burn calories, and have fun,” he said in a recruitment post.
