Web3 refers to the next generation of the internet, emphasizing decentralization and user control. Instead of relying on central authorities and platforms, Web3 utilizes blockchain technology, enabling peer-to-peer interactions. This shift allows users to own their data and engage directly with services and applications.In Web3, users can access decentralized applications (dApps) that run on blockchain networks. These dApps are designed to operate without intermediaries, reducing reliance on traditional companies. This model promotes transparency and security, ensuring that users have more control over their online experiences.Smart contracts, which are self-executing contracts with the terms directly written into code, are a key feature of Web3. They automate processes and facilitate trustless transactions, allowing users to engage in agreements without needing a third party.Overall, Web3 aims to create a more open and user-centric internet, where individuals can participate in the economy and maintain ownership of their digital assets.