The third generation of the internet, also known as Web3, has a focus on decentralized and blockchain-based technology. In order to provide consumers with more control over their data and online interactions, it strives to establish a more user-centric, open, and trustless internet.
Blockchain, smart contracts, decentralized applications (DApps), and cryptocurrency are examples of Web3 technologies. By enabling decentralized finance, governance, and ownership, these ideas hope to upend centralized internet structures and improve privacy.