what is web3.....?

#crypto2023 #Web3 #cryptocurrency

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Web 3, also known as the "Decentralized Web" or "Semantic Web," refers to a concept where the internet evolves beyond its current state to become a more decentralized, open, and user-centric platform. It envisions a shift from centralized services and platforms to decentralized and peer-to-peer systems, enabled by technologies like blockchain, distributed ledgers, and smart contracts. In Web 3, data ownership, privacy, and control are emphasized, allowing users to have more autonomy over their online interactions and data. It aims to create a more secure, transparent, and user-driven online environment.