Web3
Web3 is the next generation of the internet, aiming to create a decentralized, user-owned online experience with blockchain technology at its core.
How Web3 Works
In Web3, users control their data and digital assets, shifting away from centralized platforms that dominate Web2. It leverages blockchain, cryptocurrencies, and decentralized applications (dApps) to enable peer-to-peer transactions, smart contracts, and decentralized governance. Key features of Web3 include trustless systems, tokenization, and the ability for users to have ownership over their online identity and assets.
Why Web3 Matters
Web3 offers a vision of the internet where users have more control and ownership, reducing the influence of tech giants. It fosters greater transparency, privacy, and security, while enabling new economic models through decentralized finance (DeFi), NFTs, and DAOs. Web3 could redefine how we interact online, empowering users to create and share value directly without intermediaries.