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What exactly is Web 3.0?

  • Web3 is the third phase of the World Wide Web characterized by decentralization, blockchain-based technology, and artificial intelligence.
  • Basic features of Web3 include decentralization, artificial intelligence, trustful and permissionless interactions, semantically organized data, cryptocurrency integration, and universal accessibility.
  • Web3 promotes transparency, censorship resistance, and individual data ownership and privacy.
  • It offers opportunities for innovation, job creation, and enhanced cybersecurity.

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