According to TechFlow, on October 16, Japan-based Web3 investor and accelerator Arriba Studio has established a new company in Singapore, according to the Nikkei. The new company, called Arriba Studio Z, aims to expand its investment scale to more than US$20 million.

It is reported that Arriba Studio Z will not only continue to support Japanese companies, but will also expand its efforts to include overseas projects, with the goal of promoting the development of the Web3 industry.