What are the benefits of web 3?

Web 3 offers a wealth of advantages, most significantly paving the way for more secure, efficient data storage and faster, cleaner transmission of information. Data stored on Web 3 is significantly safer than data pushed through conventional servers as it is encrypted and hosted across multiple nodes in a decentralized network using blockchain technology. This protection makes it difficult for hackers to access or manipulate personal aspects such as your location or identity. Additionally, Web 3 not only simplifies the process of providing and requesting digital payment but also streamlines transactional data from user to user in an easy, secure way. Furthermore, prevalent third-party hosting services are stripped out of the equation when utilizing Web 3 so users can have more control over their web activities with little time wasted on verifications and transactions. It's clear that this new type of web helps ensure lower costs, increased efficiency, improved reliability, and overall convenience for both consumers and businesses alike.