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.
Web3 aims to give users true ownership of their data and content. It’s about creating an internet where trust is minimized, censorship is resisted, and individuals benefit from their contributions