 Beijing releases white paper for Web3 innovation and development. Web3 innovation developed in white paper documents states, Web3 tech is an inevitable trend for future internet industry development. The commission aims to construct Beijing as a global innovation hub for the digital economy. Cities Che Yang Nailed It district will spend at least 100 million yuan, that's about 14 million every year until 2025, to really bring things up to speed. The white paper states that Beijing aims to strengthen policy support and accelerate technological breakthroughs to promote the Web3 industry.