#GasFeeImpact Web3 gas fees refer to the costs incurred when executing transactions or interacting with smart contracts on blockchain networks within the decentralized web. These fees are essential to compensate network participants, such as miners or validators, who process and verify transactions. Essentially, gas fees act as a mechanism for allocating computational resources and ensuring the smooth operation of Decentralized Applications (dApps) and blockchain protocols. The costs associated with gas fees are influenced by various factors, including network demand, transaction complexity, and the gas price set by users. Understanding gas fees is important for both developers and users, as it affects transaction costs, network efficiency, and the overall experience in Web3 technology.