ARC’s Elroy Cheo Envisions Asia Leading Next NFT Wave with Web3 Innovation
Elroy Cheo, co-founder of the Web3 community ARC, highlights Asia’s potential to lead the next phase of NFT innovation. ARC serves as a collaborative hub for Asian diaspora members using NFTs and Soulbound Tokens for access to exclusive events and merchandise. Cheo emphasizes creating a meritocratic network focused on shared goals. He notes that Asian Web3 communities differ from Western counterparts in their reserved nature but possess significant liquidity potential. Cheo also discusses NFTs’ evolving role in digital identity, moving towards pseudonymity and status recognition. ARC maintains exclusivity with its 888-member cap, emphasizing brand value and community contribution. Cheo addresses misconceptions about NFTs in Asia, advocating for community-driven growth over pure monetary pursuits. He believes in Asia’s talent and innovation potential, particularly in DeFi and NFTs, and advises Web3 builders to maintain passion during bear markets.
Bullish
The bullish outlook stems from Asia’s significant liquidity and innovative potential in the NFT and Web3 sectors. The article highlights ARC’s approach to building digital communities and leveraging NFTs, which can enhance engagement and market interest. Such developments point to increased adoption and integration of blockchain technology in Asia, potentially driving demand and investment in related cryptocurrencies. Historically, when regions or sectors show signs of innovation and leadership, they tend to attract investor attention and positive market sentiment, supporting a bullish view.