What is Web3 in simple terms?

What is Web3 in simple terms?

Web3 is the name that some tech experts have given to the concept of a new kind of web service built on blockchains — the ledger systems used by cryptocurrencies such as Bitcoin or Ether. In simple terms, Web3 is the future of internet where your data will be yours, it won’t be controlled or used by any central organization or company.

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