Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Chinese Tech Giant Alibaba announces a Web3 incubator to boost blockchain development in Japan. With the evolution of technology trends, Web3 is projected to revolutionize both traditional and digital business methods. Alibaba Cloud, the hub of Alibaba Group's digital technology and intelligence, is all set to open a blockchain lab in Shibuya, Japan, in April of this year. The initiative is particularly taken to help Japanese game developers, discover further economic opportunities in the Web3 era. Alibaba is exploring Web3 technologies for quite a while now.

Chinese e-commerce giant Ali Baba Holding decides to check its mettle in the future of the internet i.e. the metaverse