Web 3

Web3 is a concept of the internet where users control their data, identity, and digital assets without intermediaries. Unlike traditional Web2, where platforms are owned by corporations that manage user content, Web3 is built on decentralized networks using blockchain and cryptography to create autonomous services. Key technologies of Web3 include smart contracts, which automatically execute agreements without third parties, tokens that represent digital value or ownership, and decentralized autonomous organizations (DAOs) governed by communities. Instead of relying on centralized platforms, users interact directly, maintaining control over their data and assets.