Web3 represents the next generation of the internet where users control their own data and digital identities. Unlike traditional Web2 platforms controlled by centralized companies, Web3 applications operate on decentralized networks.
This shift enables greater transparency, security, and user ownership. Technologies such as decentralized finance (DeFi), NFTs, and DAOs are key components of the Web3 ecosystem.
Developers believe Web3 could revolutionize industries ranging from finance to digital content ownership.
