The benefit of Web3 is that it makes an effort to solve the most critical issue that Web2 brought about; the collection of personal data by private networks that are then sold to advertisers or may even be stolen by hackers. This technology helps secure all your information as an individual or a business owner. Businesses and individuals no longer need to rely on traditional financial networks linked to governments. They need not be constrained by various country laws and regulations—thanks to Blockchain and Web3 technology.