Web3 is the next iteration of the Internet, driven by blockchain, NFTs, and cryptocurrency. Decentralization is the biggest defining feature of Web3, promising to give users more control over the internet. Web3 platforms are powered largely by token-based economics and blockchain-based infrastructure, where no one central authority is in charge, and users can transact and interact without third-party intervention. This represents a major power shift as control is taken away from intermediaries and authorities and placed in the hands of users. Web3 technologies are inherently linked with the development of the metaverse and NFTs will have real-world uses. Blockchain will transform business operations, increasing the security and transparency of the supply chain and making the whole process much more efficient. Ultimately, web3 offers us the chance to create a more equitable internet, where users have more choice and greater autonomy. (forbes)