Web3 is a broad category of technologies that are defined by their use of internet protocols built on top of open source, decentralized and distributed systems.

Examples of Web3 technologies include blockchain networks, cryptocurrencies, NFTs and smart contracts.

Web3 represents the next evolution of the internet and distributed networks. In Web2, the internet is primarily dominated by a handful of companies and institutions that act as intermediaries and offer services in exchange for control of users' personal data.

In Web3, users claim ownership and monetization of their own data and can interact with other users via decentralized peer-to-peer networks with greater censorship resistance and privacy protections for individual consumers.