Next-Gen tycoons join the NFT craze building a private digital community

Kiat Lim, a son to Peter Lim, the son of a billionaire based in Singapore, is the latest high profile individual to join the non-fungible tokens (NFT) craze. Lim has announced the launch of a digital community comprising next-generation entrepreneurs.

The community will be supported on a platform powered by blockchain technology. Additionally, Lim will be supported in this initiative by Elroy Cheo, who is part of the family that owns Mewah International, a credible oils firm.

Private digital community

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The two will be working together to create ARC, a private community that will comprise Asian entrepreneurs, venture capitalists, crypto experts, Web 3 experts, etc.

Commenting on this community, Lim said,

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.

The new community dubbed ARC is already operational. The beta version of the ARC app has already been launched. The beta version of the application uses NFTs to verify membership. The app is already available on Apple’s app store, which means it is available exclusively to iPhone users. The platform has also announced it will be launching an android version soon.

ARC community to address a variety of issues

The main objective of ARC is to promote collaboration between entrepreneurs and innovators. However, it will also serve as a community where the members can discuss various topics, including the challenges that come from setting up new businesses amid the financial impact caused by the Covid-19 pandemic.

Cheo noted that this community will be “creating a safe space for Asia’s dynamic and purpose-driven generation to connect authentically, ARC is a new collaborative destination that opens up endless possibilities.”

Cheo is well-versed with business processes, given that over the past ten years, he has been involved in helping the family business venture into new markets. Additionally, he has been involved in cryptocurrencies and NFTs.

Cheo will develop the infrastructure needed to allow the addition of ban ARC metaverse and decentralized finance features to the private community. As such, members will earn by participating on the platform.