What is Web 3.0 (Web3)?

The term Web 3.0 refers to a vision of the third generation of computing, which anticipates that technologies like blockchain will decentralize the internet and disintermediate Web 2.0 companies like Facebook, Amazon, LinkedIn, and Apple to enable the online exchange of value, and allow users to own their data. Web 3.0 is designed to benefit all participants using a peer-to-peer (P2P) model for websites, applications, and the internet as a whole. It will focus in many ways, on producing a machine-readable data-driven semantic web. Many believe blockchain and crypto are central to the realization of the open, public, censorship-resistant, borderless, free internet: Web 3.0.