From the Executive Summary:

“A battle is underway for the future of the Internet, with Chinese technology firms and the Chinese Communist Party actively seeking to dominate ever-larger portions of the world’s digital infrastructure and reshape Internet governance around centralized authoritarian models. There may be, however, elegant technical answers to some of these challenges: answers that could permit the next generation of web connectivity to operate in ways that both help catalyze another era of connectivity-facilitated growth and innovation and revolve around decentralized and ‘democratized’ dynamics that would undermine the power and influence of the authoritarian Chinese technology stack.

Web3 is the next generation of the Internet and will bring together new networking technologies and financial infrastructure in a way that blurs the traditional boundaries of telecommunications and finance, creating new decentralized and democratized models of network interaction built around the cryptographically secured autonomy of web users. For this to work, however, these novel web3 technologies need to be made secure against a range of non-state and state-level attackers, and engineering such security into web3 cannot be approached merely as an afterthought. ...”