Web3 represents a paradigm shift in the evolution of the internet, fundamentally altering the architecture of digital interaction by decentralizing control and ownership. Unlike its predecessors, which concentrated power in centralized entities, Web3 leverages blockchain technology, cryptographic protocols, and smart contracts to establish a trustless, transparent, and permissionless framework. This framework enables a new era of digital sovereignty, where individuals gain unprecedented control over their data, identities, and transactions. The implications of Web3 extend far beyond the technical; they touch upon the very fabric of societal structure, empowering communities through decentralized autonomous organizations (DAOs) and peer-to-peer networks. By reframing the internet as a collaborative, trust-minimized ecosystem, Web3 has the potential to resolve prevalent systemic issues and foster a more equitable, resilient, and innovative global digital commons.

See also: blockchain, exponential growth, liquid democracy, network dynamics