On August 19th, Web3 investor Balaji announced that he will launch an innovative university called "The Network School" in Singapore. The university will be located on an island near Singapore, dedicated to providing development opportunities for "Dark Talent" talents from around the world. It is reported that Balaji is a Stanford PhD, former Coinbase CTO and A16z partner, and is a top angel investor in the Web3 field. Mr. Balaji says he wants the university to become a true "Stanford 2.0", with its first three-month term running from September 23 to December 23 this year.