Web3

Web 3.0 is the amalgamation of the Internet with the concepts of decentralization and evolution from Web 2.0. It eliminates the need for a central entity and empowers users to control their data. Blockchain, dApps, and Smart Contracts are the primary components of Web3. It is driven by Artificial Intelligence, Machine Learning, and data analytics tools.

Web3 has also eased the process of providing ownership to blockchain-based assets. A user can own a real-world asset in the gaming world and hold it even after leaving the game. Web3 is still evolving and has some limitations, and web3 companies are working to address these challenges.