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As the Singaporean web3 community anticipates the upcoming 2024 budget, a resounding call for government support reverberates through the sector. The urgent need: to reskill and upskill developers, fortify cybersecurity measures, and lower barriers for blockchain adoption. In a world where inflationary pressures loom and tax contributions steadily rise, the demand for experienced talent in the web3 domain presents a formidable challenge.
The Talent Gap: A Hurdle to Prosperity Danny Lim, a key figure at MarginX, emphasizes the significance of aiding web2 developers transitioning to web3. With job displacement becoming an increasing concern, the necessity of supporting this shift is more vital than ever. Elaine Zhu of Parity Asia echoes this sentiment, expressing her worry over the decline in new developers entering the field in 2023. Cybersecurity: A Fortress Against Threats The growing menace of cyber threats and crypto crime demands an unyielding response. Ong Chengyi of Chainalysis and Angela Ang of TRM Labs advocate for sustained governmental backing to bolster the sector's ability to manage risks. They argue that enhanced regulatory support is essential to cultivate the growth of digital assets. Source: BNN Breaking
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