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What happened
Web3 represents the next phase of the internet, characterized by decentralized platforms that leverage blockchain technology. This evolution of web infrastructure promises to empower users by giving them greater control over their data and digital interactions.
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Key insights
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Decentralization: Web3 shifts from central authorities to decentralized networks, allowing users to have direct control over their digital assets and data.
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Blockchain Technology: The backbone of Web3, blockchain ensures secure, transparent, and tamper-proof transactions, fostering trust in digital interactions.
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User Empowerment: By eliminating intermediaries, Web3 enables individuals to engage in peer-to-peer transactions and interactions, enhancing privacy and autonomy.