Web3 (or Web 3.0) represents the third generation of the internet, focusing on a decentralized web built on blockchain technology, artificial intelligence (AI), and edge computing. Unlike the current Web2 (dominated by centralized corporations), Web3 empowers users with ownership of their data, digital assets, and identity through decentralized protocols, NFTs, and cryptocurrencies.
Key Aspects of Web3:
Decentralization: Data is stored across distributed ledgers (blockchains) rather than centralized servers, reducing reliance