Web3 cryptos are a new wave of cryptocurrencies that focus on making the decentralized vision of Web3 a reality. They combine blockchain technology with smart contracts to give people control over their data and make transactions without relying on third parties.

Unlike traditional online companies that leverage your information, Web3 will give back control of data to the individual. It will bring unique possibilities. For instance, musical artists can post their creations on decentralized platforms or their own personal devices instead of relying on centralized organizations like Spotify or YouTube to profit from them.

Web3 aims to avoid watchdogs or agencies telling you what services you can access or can’t access. Transactions in Web3 are between two or more parties without a middleman to improve privacy, autonomy and control of data.