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On October 16, according to Nikkei News, Japan-based Web3 investor and accelerator Arriba Studio has established a new company in Singapore. 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.