This is the 4712th most frequent German word.
wagen
"Wagen" means "to dare" or "to risk" in English.
Here, 'wagen' is used as a verb meaning 'to dare' or 'to risk' something.
Wir wagen einen neuen Anfang.
We are daring a new beginning.
Again, 'wagen' is used as a verb to describe the act of risking something adventurous or challenging.
Es war mutig, so viel zu wagen.
It was courageous to risk so much.
'Wagen' here refers to a noun meaning 'car' or 'vehicle'.