What Is Web3 | Fine Motor

Web3 refers to a proposed next generation of the World Wide Web that incorporates decentralization, blockchain technologies, and privacy-enhancing technologies, aiming to create a more democratic and user-controlled internet, contrasting with the centralized nature of Web 2.0. Web3 combines smart contract platforms, peer-to-peer networks, and cryptographic mechanisms, but also faces challenges related to scalability, interoperability, and governance.