What Is Web3?

Web3 is a term that refers to a future vision of the internet that is more decentralized, inclusive, and provides greater control to its users.

In the context of Web3, users have more control over their personal data, and applications are no longer completely dependent on a central entity. Key technologies that support Web3 include blockchain, smart contracts, and token.

Web3 aims to address some of the weaknesses in the current Web2 model, which tends to be centered around a few large companies. With Web3, there is an attempt to create a more democratic internet experience, where users take ownership of their own data and have more direct access to services and applications without dominating middlemen. It also opens up new opportunities for decentralized business models, such as the tokenization of digital assets and the use of blockchain ecosystems.

In general, Web3 represents a significant evolution in the way we interact with the internet and breaks with traditional paradigms in the online world.

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