@gohjianhui4
Web3 represents the next evolution of the internet, built on blockchain technology. Unlike Web2 (dominated by tech giants), Web3 is decentralized, giving users control over their data and digital identities. Ethereum is a key player, enabling smart contracts and decentralized applications (dApps). Web3 also includes NFTs, DeFi, and DAOs, creating a user-owned internet. Challenges remain, such as scalability and adoption, but Web3 promises a more open and fair digital economy.
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