Web3.0 is the third generation of web technology, where services will run on the blockchain. It is intended to be a decentralized version of the online world, where data is distributed across networks, and no single entity can claim ownership over the information.
It aims to eliminate intermediaries and allow secure peer-to-peer (P2P) transactions worldwide.
With features like semantic web, AI, and 3D graphics that will be advantageous for the creator economy, the users will be able to transact across the web securely without the need for a middleman such as banks, payment gateways, etc.
Web3 will also enable the free sharing of information. Web3 will open up the web for new concepts like new search engines or social media platforms where the control over the content will not be restricted to a few entities.
Instead, it would be a sovereign right of every user.
