Web3 is the next generation of the internet that's being developed right now. It's an upgraded version of the internet we use today, but with some key differences that make it more secure and trustworthy.
One of the main differences is that web3 uses a technology called blockchain, which is like a digital ledger that keeps track of everything that happens on the internet. This makes it very difficult for anyone to cheat or manipulate things because everything is transparent and can be verified by anyone.
Another big difference is that web3 is more decentralized than the internet we use today. This means that there is no central authority or company controlling everything. Instead, everyone who uses web3 can participate in decision-making about how it works and what can be built on it.
Web3 also opens up a world of new possibilities, such as creating and selling digital assets like art and music, building virtual worlds, and participating in decentralized finance (DeFi) applications.
In summary, web3 is a new and improved version of the Internet that uses blockchain technology to provide greater security and transparency. It's also more decentralized, which means everyone can participate in making decisions about how it works. And, it offers exciting new opportunities for people to create and engage with digital content and participate in innovative financial applications.