According to PANews, NFT community ARC raised $4.5 million. The funds were raised by 163 members, led by Arcane Group. Participants included Adrian Lai, Arthur Cheong, Cecilia Lee, Germaine Jiang and Chris Sirise.
ARC was founded by Cheo and Kiat Lim in 2022. The new capital will be used to enhance ARC's ecosystem, provide support for new Web3 projects, establish strategic partnerships, accelerate concept development and testing, and streamline the process from concept to market launch.
Earlier news, singer JJ Lin joined Singapore's "Web2.5" NFT community ARC.
