Kiat Lim, the son of a billionaire in Singapore, is the newest high-profile figure to get involved in the non-fungible tokens (NFT) mania. Lim has confirmed the development of a digital network for next-generation business owners.
The community will be sustained by a blockchain-based platform. Elroy Cheo, a member of the family that runs Mewah International, a reputable oil company, will also assist Lim in this endeavor.
A private online community
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The two will collaborate to form ARC, a private society made up of Asian entrepreneurs, venture capitalists, crypto specialists, and Web 3 experts, among others.
Lim remarked of the community, “Access today, share opportunities tomorrow, that’s our tokenization strategy and what makes ARC stand out from any other networking platform. ARC’s ambition is to be a bridge across the real and virtual world today, and, in the near future, the ARC metaverse.“
ARC, the new community, is already up and running. The ARC app’s beta version has already been released. NFTs are used to validate membership in the beta version of the app. The software is already accessible on Apple’s app store. However, it is only available for iPhone users. The site has also stated that an Android version will be available shortly.
The ARC community will work on many concerns.
The fundamental goal of ARC is to encourage entrepreneurs and innovators to collaborate. It will, however, function as a forum where members may debate a variety of issues, including the problems of starting a new company while dealing with the financial burden of the Covid-19 epidemic.
Providing a safe place for Asia’s dynamic and purpose-driven generation to interact freely, ARC is a new collaborative place that allows endless possibilities, Cheo said of the community.
Cheo is well-versed in business operations, having spent the last ten years assisting the family firm in expanding into new markets. He has also dabbled with digital currencies and non-financial tokens (NFTs).
Cheo will provide the infrastructure to let the private community use the ban ARC metaverse and decentralized financial capabilities. As a result, members will profit from their participation on the site.