Web3: The Future of the Internet Web3 is the next generation of the internet, built on blockchain technology. It promises to be more decentralized, secure and user-owned than the current web. What is Web3? Web1 was the read-only web, where users could only consume content. Web2 was the read-write web, where users could also create and share content. Web3 is the read-write-own web, where users have ownership of their data and can participate in the governance of the internet. How does Web3 work? Web3 is built on blockchain technology, which is a distributed ledger that records all transactions. This makes it very difficult to hack or tamper with Web3 data. Web3 applications are also decentralized, which means that they are not controlled by any single entity. This makes them more resistant to censorship and manipulation. Benefits of Web3 There are many potential benefits to Web3, including: Increased privacy: Web3 users have more control over their data and how it is used. Enhanced secu