Web3 has emerged as a hot topic, bringing together leaders from both traditional tech and the burgeoning blockchain sectors, each with their own perspectives on the past and future of the internet. Initially coined as "Web 3.0" by Tim Berners-Lee during the dot-com bubble era to describe a machine-readable web, the concept was redefined by Ethereum co-founder Gavin Wood in 2014 to signify a blockchain-based technology enabling innovative, trustless interaction systems. Web3 aims for "less trust, more truth," emphasizing consensus engines and cryptographic protocols to forge stronger social contracts online. This new iteration of the internet, building on the decentralized foundations of Web 1.0 and the interactive features of Web 2.0, aspires to create a more equitable and open digital ecosystem where users own their data and conduct transactions securely through blockchain, cryptocurrencies, smart contracts, and decentralized applications (dApps). As Web3 evolves, it is transforming industries like finance, gaming, and digital art through decentralized finance (DeFi), NFTs, and more, with its ultimate goal being a transparent, reliable, and user-friendly internet infrastructure.