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Web3
(Web 3.0)
Web3, or Web 3.0, represents the next evolution of the internet, emphasizing decentralization, blockchain technology, and user ownership of data and digital assets. Unlike traditional web applications that rely on centralized servers, Web3 applications (dApps) run on decentralized networks, giving users greater control and privacy.
Web3 encompasses technologies like blockchain, smart contracts, cryptocurrencies, and decentralized storage systems. It enables new use cases such as decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Major tech companies and developers are increasingly building Web3 applications using platforms like Ethereum, Solana, and Polygon. The Web3 ecosystem is rapidly growing, with the global blockchain market projected to reach $163.83 billion by 2029, driven by increased adoption of decentralized applications and digital asset management.
Web3 encompasses technologies like blockchain, smart contracts, cryptocurrencies, and decentralized storage systems. It enables new use cases such as decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Major tech companies and developers are increasingly building Web3 applications using platforms like Ethereum, Solana, and Polygon. The Web3 ecosystem is rapidly growing, with the global blockchain market projected to reach $163.83 billion by 2029, driven by increased adoption of decentralized applications and digital asset management.