Odaily News: The Monetary Authority of Singapore (MAS) has announced that under the new Financial Sector Technology and Innovation (FSTI) 3.0 plan, it will commit up to SGD 150 million in investments over the next three years towards emerging technologies such as Web3.0. The FSTI 3.0 plan will include projects like the Innovation Acceleration track. MAS recognizes the importance of collaborating with the industry to support innovative fintech solutions arising from emerging technologies like Web3.0, and it will actively encourage the use of such innovative technologies in industry use cases. Grant funding will be provided to support practical experimentation and commercialization. Ravi Menon, Managing Director of MAS, said, "We look forward to continuing collaboration with the industry to advance targeted financial innovation."