The internet of the future is being built by the people. Web3 is a decentralized internet, which means that it is not controlled by any single entity. Instead, it is controlled by its users, who participate in its governance through a variety of mechanisms. These mechanisms include token voting, decentralized autonomous organizations (DAOs), and open-source software.

Web3 is a decentralized internet, which means that it is not controlled by any single entity. Instead, it is controlled by its users, who participate in its governance through a variety of mechanisms. These mechanisms include:

Decentralized autonomous Organizations (DAOs): DAOs are organizations that are governed by code instead of by humans. This means that they are not subject to the same kind of corruption and mismanagement that can plague traditional organizations.
Token voting: In some Web3 applications, users who hold tokens can vote on how the application is run. This gives users a direct say in the development of the application and ensures that its decisions are aligned with the interests of its users.
Open source software: Much of the software that powers Web3 is open source, which means that it is freely available for anyone to use and modify. This makes it difficult for any single entity to control the development of Web3.
The distributed nature of blockchain technology: Blockchain technology is the foundation of Web3, and it is inherently decentralized. This means that there is no single point of failure, and it is very difficult for any single entity to control the network.
The crypto-economic incentives: Web3 applications are often powered by cryptocurrencies, which create a strong incentive for users to participate in the governance of the application. This is because users who hold tokens can earn rewards for participating in governance, and they can also benefit from the increased value of the token if the application is successful.

As a result of these factors, Web3 is a much more decentralized internet than Web2. In Web2, a small number of companies control the vast majority of the internet. This means that these companies have a lot of power over what we see and do online, and they can often use this power to their own advantage. In Web3, on the other hand, power is distributed among its users, which means that it is much more difficult for any single entity to control the internet.

However, it is important to note that Web3 is still in its early stages of development, and it is not yet clear how it will evolve in the future. It is possible that some entities will eventually come to dominate Web3, just as a few companies have come to dominate Web2. However, the decentralized nature of Web3 makes it much more difficult for this to happen, and it is likely that Web3 will always be more decentralized than Web2.