BUILDING COMMUNITIES IN WEB3 ELROY CHEO, 39 Co-founder of Arc
Elroy Cheo is building his own story - and he's doing it in the Web3 space with Arc, an app-based digital community driven by blockchain technology and collaboration between its members. Co-founded with tech entrepreneur Kiat Lim and Singaporean musician JJ Lin, the platform is the first of its kind in Asia and uses NFTs as proof of membership and includes real-world incentives such as access to private clubs, networking events and exclusive experiences with partners such as Millennium Hotels and Resorts and Zouk.
For Cheo, who is the platform's "architect" and oversees its user experience, Arc is the coming together of his passion for cryptocurrency and Web3 and a gap in the Asian market that he felt needed to be filled.
Since its founding in 2022, Arc has grown into a 660-strong community that includes artists, social media influencers and business leaders such as Casetify's Wesley Ng. Rotten Tomatoes' Patrick Lee and Tribe and StackUp's Yi Ming Ng.
Says Cheo, "We realised that NFTs were a perfect mechanism for the kind of community we envisioned Arc to be, where members come together to collaborate and build new things together. With NFTs, we have transformed membership into a digital asset, and this naturally creates a mechanism that motivates members to participate and contribute, strengthening and growing the community, which enables the digital asset to grow in value.
"Our vision for Arc is to be the start of a new kind of investment and incubation powerhouse - one that is built and driven by the community instead of a company or an individual." Candice Chua
PURPOSE-DRIVEN STYLE SUSANNAH JAFFER, 33 Founder and CEO of Zerrin
This story is from the April 2024 edition of Prestige Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2024 edition of Prestige Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Power To The People
Boucheron creative director Claire Choisne's latest high-jewellery creations are stylish statements of authority and achievement.
Walking into the Blue
Dive into luxury at Depth of Blue, Johnnie Walker Blue Label's first flagship bar in Southeast Asia. Dive into luxury at Depth of Blue, Johnnie Walker Blue Label's first flagship bar in Southeast Asia.
IN THE FLOW
For ANDRÉ FU, travel isn't so much a means of inspiration as it is a way to detach from everyday life to approach his work from fresh perspectives.
CHIC VOLUMES
Impractically oversized but utterly beautiful tomes featuring an eclectic subject, coffee table books serve to kick-start conversations in addition to being subtle avenues of sophisticated self-expression. Here are six titles to consider having on your living room table.
VICTOR OVER TIME
35 years after they broke convention as renegade art students, Phillip Lim catches up with eminent artist SUZANN VICTOR to reminisce about past escapades and how far the artist has come.
Circle of Friends
A Singapore family that has set up a second home in remote Kenya shares their connection with the local communities with guests of their lodge.
VIVE LA WEAVE
Chanel's latest high jewellery collection celebrates the innovation that put her squarely in the pantheon of legendary fashion designers.
VIEW BEYOND THE RACES
For Richard Mille, life in the fast lane is more than just performance-driven machines, it's a profound appreciation for excellence in various forms.
OFF TO THE FAIR
Watch clients are increasingly dropping into Watches and Wonders, a trade fair meant for retailers and media personnel. Here's why.
STEP LIVELY
In the original design of Hermès' Mon Premier Galop shawl by Chinese artist Tong Ren, a horse with an awkward yet happy gait is depicted in simple lines, colour blocks, and decorative-trimming inspired by traditional basketry.
