HuntTown

At the heart of Web 3 is blockchain technology, a decentralized ledger that records transactions in a secure and transparent way. Blockchain removes the need for intermediaries like banks or big tech companies by allowing users to interact directly. In Web 3, blockchain powers decentralized applications (dApps), smart contracts, and cryptocurrencies. For example, instead of relying on a third party like Facebook to manage user data, Web 3 allows individuals to manage their data through cryptographic keys, ensuring that they—not corporations—own their digital identity. This democratization of the internet is key to Web 3’s vision of a more decentralized and equitable online space.