Web3, or also known as Web 3.0, is a term used to describe a new version of the Internet. It is considered as the evolution of Web 2.0, with the biggest change being the emergence of decentralized applications (DApps) and decentralized protocols. Web3 aims for a more decentralized Internet, where power is distributed evenly and no intermediary can interfere. Technologies such as blockchain, smart contracts, and IPFS play a crucial role in achieving the goals of Web3.