When you hear the term “Web3” or “Web 3.0,” you might be amused by its touted potential and even experienced its powers firsthand. It is where user data is decentralized across a network (blockchains) that makes manipulation and change of data impossible by anyone. While Web3 is a conglomerate of various emerging technologies, its foundation is solely based on blockchain’s distributed ledger technology (DLT). These digital ledgers have given rise to multiple applications, including cryptocurrencies and non-fungible tokens. Even business platforms that are use cases of Web3 applications, such as Web3 wallet creation, have become part of the future internet.