Unlike the current Web, which is often dominated by large technology companies, Web3 aims to be built, operated, and owned by its users. It puts power in the hands of individuals rather than corporations.

Web3 leverages blockchain technology, which provides a decentralized and secure way to manage data and transactions. Blockchains enable trust without relying on intermediaries, making them a fundamental part of Web3.

Web3 introduces the concept of tokens, which represent ownership or value within the ecosystem. These tokens can be used for various purposes, such as governance, access to services, or even as digital assets (e.g., non-fungible tokens or NFTs).

Web3 seeks to give users more control over their data and digital assets. It aims to create an internet where individuals not only participate but also own and benefit from their contributions.