tl;dr
ARC, a Singapore-based NFT-gated community, raised $4.5 million to create a Web3 incubator, following a model similar to Y Combinator. The funding, led by Arcane Group, will support Web3 projects and strategic partnerships. The community aims to provide access to capital, launch capabilities, and cr...
ARC, a Singapore-based NFT-gated community, raised $4.5 million to create a Web3 ecosystem, following the Y Combinator model. The funding will support new Web3 projects, strategic partnerships, and streamline the process from concept to market launch. The $4.5 million was raised by 163 members, led by Arcane Group, and aims to establish a new standard for birthing projects and ventures in the global community.
ARC, a Singapore-based NFT-gated community, raised $4.5 million to create a Web3 incubator, following a model similar to Y Combinator. The funding, led by Arcane Group, will support Web3 projects and strategic partnerships. The community aims to provide access to capital, launch capabilities, and creators for Web3 projects, emphasizing its commitment to project success. The fundraising involved 163 members, including prominent individuals from the venture capital and business sectors.
ARC was founded in 2022 by Elroy Cheo and Kiat Lim. In a bid to create a blockchain version of the popular Y Combinator framework, ARC —an NFT-gated community of over 850 members—raised $4.5 million, the group announced on Tuesday. “We spent over two years curating a global powerhouse of connections, expertise, developers, creators, and influencers to create a comprehensive ecosystem that helps ambitious Web2 brands and Web3 projects in Asia succeed,” ARC CEO and cofounder Elroy Cheo said in a statement. Pitched as the “Y Combinator of the Web3 world,” the Singapore-based ARC said it will use the same model for project incubation, go-to-market capabilities, and funding.
The new capital, ARC said, will go towards boosting ARC's ecosystem by providing dedicated support for new Web3 projects, forming strategic partnerships to accelerate concept development and testing, and streamlining the process from concept to market launch. Calling it “4.5 million reasons to be part of the ARC ecosystem,” Cheo said it was important to fundraise with the community. “It's not just about having a great concept,” Cheo said. “We bet on people and assemble the right teams behind it. Unlike many other ecosystems, projects born in ARC have the power of a whole global community backing it.” He calling the strategy a new standard for how projects and new ventures should be birthed.
According to ARC, this approach of social coordination puts access to capital, launch capabilities, and creators and developers for Web3 projects all on one platform. “This demonstrates the sheer ability of the ARC community to get behind a single-minded goal and the tremendous commitment of the community to make our projects succeed,” Cheo added. “The fundraise is proof that the ARC ecosystem works.” According to ARC, the $4.5 million was raised by 163 of its members, led by the Venture Capital firm Arcane Group. Participants include Adrian Lai (The Newman Group), Arthur Cheong (Defiance Capital), Cecilia Lee, Germaine Jiang (Mask Network), and Chris Sirise (LiquidX Studio). ARC was founded in 2022 by Cheo and Singapore-based business leader Kiat Lim.
More about Vermilion Energy Inc.
Vermilion Energy Inc.
Vermilion Energy Inc. is engaged in the acquisition, exploration, development and production of oil and natural gas in North America, Europe and Australia. The company is headquartered in Calgary, Canada.
Industry Sector: ENERGY & TRANSPORTATION
Primary Sub-Industry: CRUDE PETROLEUM & NATURAL GAS
Market Cap: 1,604,460,000
Dividend Yield: 0.44%
Price Change: -3.68%
Price/Earnings Ratio: 11.19
EPS (Earnings Per Share): -0.456
Volume: 1,812,941,000
Stock Beta: 15.7
Volatility: -0.996
52-Week High/Low: 0.019
More about Alpha Pro Tech Ltd
Alpha Pro Tech Ltd Summary
Alpha Pro Tech, Ltd. develops, manufactures, and markets a range of disposable protective garments, infection control, and construction products in the United States and internationally. The company is headquartered in Markham, Canada.
Sector: LIFE SCIENCES
Industry: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
Market Cap: 66707000
Current Price: 14.56
Dividend Yield: None
Price Change: 0.41
Percentage Change: 5.33%
EPS: 0.0771
Volume: 61090000
Market Cap (Adjusted): 16.75
PE Ratio: 0.545
PEG Ratio: 0.011