Web3 is a term used to refer to the next generation of the World Wide Web, which is being built on decentralized technologies such as blockchain and peer-to-peer networks.

Unlike the current version of the web (known as Web2), which is largely centralized and controlled by a few large companies, Web3 is intended to be decentralized and open, allowing for more user control and privacy.

Web3 technologies are being used to develop new applications and services that are more secure, transparent, and resilient than those that are currently available on the web.

Web3 technologies are also enabling the creation of decentralized networks and organizations, which can operate without the need for a central authority or trusted intermediaries.

Overall, Web3 is seen as a way to make the web more open, democratic, and accessible to all.