Web3 technology refers to the next evolution of the internet, where the underlying architecture is decentralized, open, and based on blockchain technology. It aims to empower individuals and reduce reliance on centralized entities. Web3 enables peer-to-peer interactions, ownership of digital assets, and decentralized applications (DApps) that run on blockchain networks. This technology is a significant shift from the traditional Web2, which relies on centralized servers and intermediaries to manage data and services. Web3 is expected to revolutionize various industries, including finance, gaming, healthcare, and more, by providing greater transparency, security, and control to users.
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