The term "Web3 community" generally refers to a collective of individuals, developers, entrepreneurs, activists, and organizations who are interested in, or are actively working on, the development and adoption of Web3 technologies. Web3, often referred to as the third generation of the internet, is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics.

Here are some key points about the Web3 community:

1. **Decentralization**: A core principle of Web3 is the move away from centralized services and platforms (like those provided by big tech companies) towards a decentralized model where users have more control over their data and interactions online.

2. **Blockchain and Cryptocurrencies**: The community heavily involves blockchain technology and cryptocurrencies. Blockchain serves as the underlying technology for many Web3 applications, enabling secure, transparent, and tamper-proof transactions.

3. **Smart Contracts**: Smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, are also a major focus within the community. They enable trustless and decentralized agreements to be made on the blockchain.

4. **DApps (Decentralized Applications)**: The Web3 community develops and uses DApps. Unlike traditional apps, DApps run on a peer-to-peer network, rather than on a single computer.

5. **DAOs (Decentralized Autonomous Organizations)**: Many in the Web3 community are interested in or are part of DAOs, which are member-owned communities without centralized leadership, managed by smart contracts.

6. **NFTs (Non-Fungible Tokens)**: The community has also embraced NFTs, which are unique digital assets verified using blockchain technology, often used to represent ownership of a specific item or piece of content, like art.

7. **Interoperability**: A goal within the community is to create an internet where different blockchain networks can communicate with each other without intermediaries.

8. **Privacy and Ownership**: Web3 advocates for returning ownership of data to users, where individuals can own their personal data and choose how to share and monetize it.

9. **Events and Collaboration**: The community often gathers at conferences, hackathons, online forums, and social media platforms to discuss developments, share knowledge, and collaborate on projects.

10. **Challenges**: The Web3 community faces various challenges, including scalability, user experience, and regulatory issues, as the technology is still in its nascent stages.

The Web3 community is diverse and rapidly evolving, with a shared vision of a more decentralized and user-empowered internet. This vision is still under construction, and there is much debate about how exactly it should be realized, but the community is a driving force in trying to bring about this next phase of the internet.