Web3 is the term used to describe the next phase of the internet, which is expected to be more decentralized, participatory, and transparent than the current web.

Common features of Web3 include:

**Decentralization**: Web3 eliminates the need for centralized servers and intermediaries, and allows users to interact directly with each other through peer-to-peer networks. This increases the security, transparency, and efficiency of online transactions and data management.

- **Privacy**: Web3 gives users more control over their personal data and how it is used. Web3 uses technologies such as zero-knowledge proofs and encryption to ensure that users can share information without compromising their privacy.

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**Personalization**: Web3 uses artificial intelligence and machine learning to provide users with a more tailored and relevant online experience. Web3 can understand the context and intent of users and deliver personalized content and services.

- **Ubiquity**: Web3 enables a more seamless and immersive online experience, by integrating virtual and augmented reality technologies. Web3 also connects various devices and platforms, creating a ubiquitous and interconnected web.

- **Data ownership**: Web3 empowers users to own and monetize their own data, rather than relying on third-party platforms. Web3 uses blockchain technology to create digital identities and tokens, which can be used to access and exchange data and value.