What Is WEB3?
Web3 refers to the next generation of the internet, where users have more control over their data and digital interactions. It is based on decentralized technologies, primarily blockchain, which allows for peer-to-peer transactions and eliminates the need for intermediaries. In Web3, individuals have ownership of their data and can securely interact with decentralized applications (dApps), smart contracts, and cryptocurrencies. It aims to create a more transparent, secure, and user-centric online experience, enabling new possibilities such as decentralized finance, digital identity, and the metaverse.