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Web3 Foundation Meaning

The Web3 Foundation is a non-profit entity founded by Dr. Gavin Wood, co-founder of Ethereum, to nurture and steward technologies that enable a decentralised internet.

The foundation supports research, development, and community initiatives around protocols such as Polkadot, which facilitates interoperability among blockchains.

By funding grants, organising events, and overseeing governance structures, the Web3 Foundation aims to accelerate the adoption of decentralised infrastructure and foster collaboration among developers, researchers, and entrepreneurs.

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