In this Podcast we explore Web3, describing it as the next generation of the internet that aims for decentralization through blockchain technology, cryptocurrencies, and tokens. Discussion highlights Web3's potential to transform financial services by reducing costs and fostering innovation in areas like payments and lending, as well as its ability to empower creators and offer enhanced user experiences through AI, 3D graphics, and VR/AR. However, the texts also address significant challenges, including scalability issues, the lack of skilled talent, environmental concerns related to Proof of Work consensus mechanisms, and the prevalence of scams, hacks, and regulatory complexities within the Web3 ecosystem. Furthermore, we discuss potential drawbacks such as increased social inequality due to hardware costs and the risk of reduced privacy despite decentralization, contrasting Web3 with its Web1 (static) and Web2 (interactive, centralized) predecessors.