According to BlockBeats, on August 15, ARC Community, a Web3 membership-based community, announced the completion of a community round funding exceeding $4.5 million. ARC is focused on connecting the most influential individuals among the global Asian diaspora to contribute ideas, resources, and networks to its pioneering social entrepreneurship studio.

ARC Community's long-term vision and shared goal are to advance the Web3 sector in Asia through its social entrepreneurship studio. By fostering collective value creation, the community aims to position itself at the forefront of this emerging field.