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