A Web3 network refers to a decentralized platform that empowers users by using blockchain technology. Unlike traditional internet platforms that are controlled by central authorities, Web3 aims to distribute control among its users.In Web3 networks, participants can engage directly with applications and services without intermediaries. This peer-to-peer interaction fosters transparency and security, as transactions are recorded on a public ledger that can be audited by anyone.These networks often use cryptocurrencies as their native means of exchange, allowing users to perform transactions and access various functionalities. Smart contracts—self-executing contracts with the terms of the agreement directly written into code—play a crucial role in automating processes within the network.Moreover, Web3 networks promote user ownership and governance by allowing individuals to hold tokens that grant them voting rights in protocol decisions. This shift not only enhances user engagement but also aims to create a more equitable digital ecosystem.