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Web3, also known as Web 3.0, is the next generation of the internet that aims to provide a more decentralized and democratized web. The current web, Web 2.0, is primarily characterized by centralization and control by a few large corporations. Web3 aims to change this by leveraging blockchain technology to create a more decentralized and open internet.

Web3 will enable users to have more control over their data and digital assets, as well as enable peer-to-peer transactions without the need for intermediaries. It will also enable the creation of decentralized applications (dApps) that are built on blockchain technology and operate on a decentralized network, giving users more transparency and control over their interactions with these applications.

Overall, Web3 is expected to provide a more secure, transparent, and decentralized internet that empowers users and promotes innovation.