A Web3 Wallet is a software tool that enables users to interact with Web3 applications (dApps) on decentralized networks like Ethereum and IPFS. Unlike traditional Web2 wallets, Web3 wallets provide direct control over digital assets, private keys, and blockchain-based identities. They allow users to store, send, and receive cryptocurrencies, connect to dApps, and participate in decentralized finance (DeFi) and NFT ecosystems.