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Web 3.0 Meaning

Web 3.0 represents a vision for the next generation of the internet built on decentralised technologies like blockchain, peer-to-peer networks, and distributed storage. The goal is to return ownership and control of data to users, enabling them to manage their digital identities, monetise their data, and interact without intermediaries.

Key components include decentralised finance, non-fungible tokens, decentralised autonomous organisations, and interoperable protocols. Unlike Web 2.0 platforms controlled by centralised corporations, Web 3.0 advocates for open-source, censorship-resistant applications where users hold cryptographic keys to their data and assets.

Challenges to Web 3.0 adoption include scalability, user experience, and regulatory uncertainty, but proponents believe it will foster greater innovation, privacy, and digital sovereignty.

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