Web3 is a term used to refer to Web3.0 or the "next generation" of the internet, which entails next-level technologies and applications that offer decentralized, empowered, and secure decentralized applications. Web3 can be used to create decentralized applications (dApps) and blockchain-based applications, as well as support cryptocurrencies, digital identity verification, and digital assets. The concept of Web3 has gained considerable development and research support and has been widely recognized and adopted in the field of cryptocurrency.