Introduction
Web3 promises a decentralized internet powered by blockchain technology, NFTs, and smart contracts. But is it really the future, or just a buzzword?
Key Features of Web3
- Decentralization – No central authority controls the web; users own their data.
- Smart Contracts – Blockchain-based agreements that execute automatically.
- Crypto Payments – Web3 integrates cryptocurrency for seamless transactions.
Challenges and Future Prospects
While Web3 is promising, it faces challenges like regulatory scrutiny, scalability issues, and user adoption. However, major companies like Meta and Google are investing in Web3, indicating a strong future.
