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Web3 is a decentralized approach to managing information on the internet, which puts users back in control of their data and enables them to benefit from their efforts. It comes with a host of practical features enabled by blockchain, such as digital currency and smart contracts, which can help to protect data from malicious actors. Web3 decentralizes information held on digital ledgers and makes it much harder for adversaries to block access to company data and hold firms to ransom.