☑️What is Web3?

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Web3 refers to the next generation of the internet, characterized by decentralized and user-centric principles. It encompasses a set of emerging technologies, protocols, and standards that aim to reshape the way we interact, transact, and exchange information online. Web3 builds upon the foundation of Web 2.0 (the current state of the internet) and leverages concepts such as blockchain, decentralized applications (dApps), smart contracts, and cryptocurrencies to empower individuals, enhance privacy and security, and foster greater trust and transparency in digital interactions. Web3 envisions a more open, inclusive, and democratized internet where users have greater control over their data and digital identities, and where peer-to-peer interactions and decentralized systems play a central role.