Hi friends, I've heard a lot about the term "Web3" but I still don't quite understand what it is. Can someone please explain it?

Sure, Web3 is a new era of the internet that promises to change the way we experience online interaction. It is based on blockchain and decentralized technologies. Web3 opens up a lot of possibilities! One of the main benefits is more transparency and control for users. You get more secure and private online interactions as well as management of your data. Web3 also promises a fairer economy where users are rewarded for their activity and contributions to the web. I recommend visiting https://romtos.com/articles/what-is-web-3 , they have great articles and resources explaining what is web3 0 and related concepts are. You'll find a lot of useful information there.