What Is Web3? Layers, Tokens, and What It Means for Traders

There is plenty of talk about Web3, but the term is often misused. At its core, it is a vision of a decentralized internet that uses blockchain and smart contracts to give users ownership of their data and digital assets.Decentralization and data ownership are the defining ideas behind Web3. While these concepts may seem complex at first, the basic premise is simple. Web3 envisions a future internet where users control their data, and big tech companies no longer hold a monopoly over it. Read on