What is Web 3? - Decrypt

Web 3 is the next step of the Internet. It is currently still being built, so there is no single, established definition yet of what Web 3 is or will be.In general, however, Web 3 refers to an Internet that is made possible by decentralizednetworks, such as Bitcoin and Ethereum. The key innovation of these networks is the creation of platforms that... See more

The main advantage of Web 3 is that it attempts to address the biggest problem that has resulted from Web 2: the collection of personal data by private networks which are then sold to advertisers or potentially even stolen by hackers.