Crypto is interesting for the freedom it enables, not for the freedom users currently care about. (a response to Moxie) https://www.drorpoleg.com/unpacking-the-web3-sausage/ In other words, the web we have is too centralized, leaving too much power and profits at the hands of a handful of giant companies. Web3 is an umbrella term for various efforts to reshape the web and address these issues. Specifically, these efforts include developing decentralized computing infrastructure that is difficult to censor or shut down and developing protocols that allow users to easily port their "accounts" (identity, data, digital assets) across different apps.