Web 3.0 or Web3 is the third generation of the World Wide Web. Currently a work in progress, it is a vision of a decentralized and open Web with greater utility for its users. Web refers to the World Wide Web (WWW), the internet's core information retrieval system.
Web 3.0 is the most current type of internet, whose main characteristics are democratization and based on semantic web technology. This web is built through a decentralized blockchain where there is no centralized ownership of content or platforms.
The Web3 wave powered by Metaverse is democratizing buying and building real estate, hosting fashion shows, and monetizing video gaming, changing the way we'll socialize, work, play video games and interact.