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Web 3.0 is the next generation of the World Wide Web, built on decentralised technology, which paves the way for new use cases and functionalities that Web 2.0 was incapable of. Despite being in the initial stages of development, Web 3.0 is emerging as the most intelligent web technology that will streamline the semantic web, natural language processing and artificial intelligence. However, Web 3.0 is still not immune to cyber threats, such as social engineering and new attack methods, data safety and dependability, and identity theft. Web 3.0 features like user-controlled wallets, ID portability and data reduction alleviate some of Web 2.0’s data confidentiality and privacy problems by giving users more agency and control over their data.