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Web3, also known as the Semantic Web, was invented by Tim Berners-Lee, the original Web inventor. The idea behind Web3 is the democratization of the internet away from the corporatization that we see today. The innovation’s key features include openness, trustlessness, and being permissionless. Web3 will replace the current massive computer data centers through decentralized computing when fully launched. This will be done by the computing resources distributed to users through their appliances, laptops, phones, cars, and more devices.