Web3, also known as **Web 3.0**, refers to the next evolutionary phase of the internet, characterized by **decentralization, blockchain technology, and enhanced user sovereignty**. Unlike traditional Web 2.0, which relies on centralized platforms, Web3 leverages **distributed ledger technologies (DLT), smart contracts, and token-based economics** to create a more open, trustless, and permissionless digital ecosystem.  

This paradigm shift aims to **eliminate intermediaries, enhance data security, and empower users** by granting them direct ownership and control over their digital assets, identities, and online interactions.

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