What is Web3

Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web that incorporates concepts such as decentralization, block chain technologies, and token-based economics. Unlike the centralized Web 2.0, where data and content are controlled by a small group of companies, Web3 aims to empower users by giving them ownership and control over their online experiences. Web3 is the vision of a new, better internet-one that empowers users, fosters ownership, and redefines how we interact online. Web 3.0, represents a transformative shift from the current centralized internet (Web 2.0) to a decentralized, peer-to-peer ecosystem.