The term Web3 refers to the vision of a more decentralized web that puts users back in control of their digital identity and data. Unlike Web2, which is dominated by centralized platforms like Google and Facebook, Web3 is built on blockchain technology, making it more transparent, secure, and autonomous.

One of the key features of Web3 is the use of smart contracts, which are self-executing contracts with the terms of the agreement written into code. This enables trustless interactions between parties, eliminating the need for intermediaries.

Another aspect of Web3 is the concept of digital autonomy, where users have ownership of their data and can choose how to share it with others. This gives individuals more control over their online activities and privacy.

In conclusion, Web3 represents a paradigm shift in the way we interact with the internet, offering a more decentralized and user-centric approach to online communication and commerce. By leveraging blockchain technology, Web3 has the potential to revolutionize the digital landscape and empower users like never before.#25#