Metaverse UnicusOne Web 3

Web 3 vs Metaverse, Difference and Future Together – UnicusOne

Web 3 vs Metaverse, Difference and Future Together – UnicusOne

Web 3 vs Metaverse

Web 3 vs Metaverse, Difference and Future Together

People often use the terms Web 3 and metaverse in the same breath, under the impression that they are the same. This is a misconception, however, and far from reality. These are two distinct concepts though there is some overlapping space.

Before comprehending the differences and a common future together, let us first understand what these terms exactly mean.

What is Web 3

Web 3 is a sci-fi-sounding word referring to the decentralized Internet. This iteration of the web is based on distributed ledger technologies like blockchain and is governed by decentralized autonomous organizations (DAO). The ownership in Web 3 is decentralized, quite in contrast to centralized systems where power is centered in the hands of individuals or corporations owning servers.

The previous iterations of the web, Web 1 (World Wide Web) and Web 2 (user-generated web), were based on the server-browser model, where the entity or individual owning the server can restrict the browser from viewing content or interacting with it.

Thanks to inherent decentralization, Web 3 has a democratized set-up. The hardware, flow of information, and the data are owned by the users themselves, at least in theory, so no single person or corporation is able to pull the plug and obliterate a network. All changes in rules and regulations regarding governance occur via voting.

What is metaverse

Metaverse is a cool name for virtual worlds that enable users to interact with one another as they might do in the real world. They also enjoy much more immersive experience of engaging with apps and services.

As a term, ‘metaverse’ was first used in Neal Stephenson’s novel Snow Crash for referring to a virtual reality world. Thanks to books and movies like The Matrix, the concept had already seeped into public imagination.

Today, science is developed enough to add new dimensions to the world depicted in those movies. Ericsson conducted a survey where seven out of ten respondents opined that by 2030, there will be online spaces that will mirror the real world. Already, games offering business enterprises an opportunity to build branded online worlds or hold virtual events are regarded into the sphere of metaverses.

Technologies that combine to create metaverses include virtual reality (creation of virtual worlds that are there even when you are not playing), augmented reality (blending aspects of the digital and physical worlds), blockchain (making participants owners and currency part), and artificial intelligence (analysis of footfalls in virtual properties or transactions) among others.

Metaverses today exist in silos, meaning they have a separate physical presence. In the coming years, however, metaverses are expected to be interoperable.

At this point, most companies developing their metaverses have a vague idea of what their creations will be. Meta is supposed to have virtual houses where you can invite all your friends to have a ball. Microsoft’s metaverse might have virtual meeting rooms for business enterprises. But it is all guesswork and it will take some time before things become clear.

Similarities and differences

The most striking similarity between the two is that, despite plenty of talks, most people are still unsure what these terms actually mean.

So many individuals and organizations today are busy constructing metaverses in line with their own vision. Meta, for instance, will likely be under the control of a corporation and quite different from your concept of a virtual world with decentralized ownership.

The extent to which you could separate Web 3 and metaverse depends on your own definition of the former. While most people take Web 3 as an identifier for the third major iteration of the Internet, there are some who describe Web 3 as ‘the immersive web’. In their opinion, it is the ‘immersiveness’ part that differentiates Web 3 from previous iterations of the Internet.

Technologies that create Web 3 and metaverses cross paths in more than one way. Three major components of Web 3 – distributed ledger, cryptocurrencies, and NFT – form the core of metaverses as well. Both Web 3 and metaverses can support activities like working, conducting business, earning, playing, shopping, socializing, learning, and more.

Role of cryptocurrencies in Web 3 and metaverses

Cryptocurrencies play a critical role in forming the monetary system in Web 3 as well as metaverses. These digital coins don’t require financial institutions, clearing houses, or brokerages to facilitate transactions. All they need is a wallet that the users or their avatars could use to transact. You need to factor in, though, that you can transact with fiat currencies in Web 3 but not on metaverses.

While Web 3 is a facilitator, it is the metaverse that quite resembles the real world. Here is a cliché though. On a metaverse, anyone who has set up a shop there might earn as much cryptocurrency as they want, but if they wish to change their coins into fiat, they have to visit an exchange, which is the part of the Web 3 ecosystem.

Role of NFTs in Web 3 and metaverses

All sorts of objects in Web 3 as well as metaverses such as yachts, shops, virtual land, in-game assets, etc. are NFTs aka non-fungible tokens. Most of such stuff is on both metaverses and Web3, enabling the creation of unique items in the virtual ecosystem. Like cryptocurrencies, which are fungible tokens, NFTs also reside on blockchains.

If you aren’t aware of what an NFT is, this quick drop-down might help. The term ‘non-fungible’ refers to the stuff that is one-of-a-kind, such as the Eiffel Tower. Cryptocurrencies are fungible tokens, meaning one token can be replaced with another. This, however, isn’t the case with NFTs as one unique painting cannot be possibly replaced with another.

An insight into the future

In the coming days, Web 3 and metaverses are likely to co-exist. As should be evident by now, the concepts like the immersive web and virtual worlds are all closely linked, and to imagine them as totally separate entities will be a mistake.

The very foundations’ the digital worlds of the future will be based on are the same. Web 3 and metaverses are both built on decentralized platforms. The user base for both entities is also the same.

What is missing though is the infrastructural support for the stakeholders on Web 3 and metaverses. Web 2 projects that are keen on moving to Web 3 might take months and spend plenty of resources. The story is the same for taking the shop to metaverses.

UnicusOne is a platform that rolls out Web 3 as a service enabling stakeholders quick transformation to the new web. Mild code philosophy UnicusOne provides for seamless integration of projects with the platform, resulting in quickfire transformation.

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UnicusOne Web 3

Step by step guide to understand Web3 as a service

Step by step guide to understand Web3 as a service

Web3 as a service

Step by step guide to understand Web3 as a service

Web3 is an amalgamation of the core Internet technologies with advancements like blockchain, machine learning, and artificial intelligence. It has taken real-world human communication to a new level, creating use cases that were simply unthought of a few months ago.

We’ll talk here about Web3 stack and how it becomes possible to roll out Web3 as a service.

Web3 stack

Web3 involves a string of technologies, including blockchain, file storage, P2P databases, APIs, frameworks, and libraries, among others. Depending on the specific use case, it might involve AI and MIL as well. At its core, Web3 is outrightly different from the 3-tier structure of Web2, where the back-end involves a web server, applications server, and a database.

At the core of Web3 are smart contracts that make the execution automated. The smart contracts are deployed on the decentralized state machine.

Why Web3 as a service will benefit the stakeholders

Web2 projects keen on adopting Web3 face a major bottleneck. The adoption comes across to be quite expensive and time-consuming. Most businesses work on modest budgets and the challenge they face might become insurmountable for them. While getting re-rooted in Web3 brings in an array of benefits, the resources-related roadblocks do exist and projects have to find ways to get through.

This is where the idea of Web3 as a service rolls in.

How UnicusOne helps Web2 projects transform as Web3

Serving as the first-ever Web3 as a service platform, UnicusOne helps digital projects built on Web2 alter their core with mild code integration. Services UnicusOne facilitates include

NFT drops

For an NFT project, NFT drop sort of becomes regular stuff. UnicusOne offers whitelisting support for NFT drops, enabling you to take advantage of the existing infrastructure rather than build the components from scratch.

If you aren’t sure, what an NFT drop is, it is just the release of a non-fungible token. The term ‘drop’ is indicative of the exact time and date the minting will be done. Drops are an efficient tool for projects for community building. The drops generally have purchase limits.

With more brands joining the NFT bandwagon, NFT drops will more be a norm. If you are feeling left out without NFT drops, we will help you figure out how to use the drops with the utmost effect. You can choose from several types of NFT drops such as First Come First Serve basis with a limit on purchases, Open Edition drops (one can mint as many tokens of a collection as they want within a definite period), English Auctions (creator offers a limited 1/1 NFT) and Dutch Auctions (the price shoots off high and gets lower the longer it is up for auction).

Multi-layered support for storefronts

NFT storefronts need integration with NFT marketplaces that are supportive of ERC 721 and 1155 standards as well as a range of asset classes. UnicusOne fits in perfectly in both criteria.

ERC-721 provides for the creation of only non-fungible tokens, while ERC-1155 enables the minting of both semi-fungible tokens and non-fungible tokens. Smart contracts permitting 1155 are linked to multiple URIs and do not store additional metadata. ERC-721, on the other hand, only supports static metadata stored on the contract itself for each token ID, beefing up deployment costs and restraining flexibility.

Generative art engine

UnicusOne adds another dimension to their platform via generative art programming solutions. There are many around who have got a creative mind, yet they might be unable to create art in digital form for several reasons. Or you might be planning to give these people an opportunity to publish their own art via your platform. UnicusOne enables you to do exactly this.

As an end-user, you put in your inputs and the engine squeezes out an art. You have all the freedom to look at the art piece and determine if this is what you wanted. In case you aren’t impressed, you might change the inputs and see the outcome.

Reveal process support

Few NFT projects have a thorough knowledge of the reveal process. Generally, it doesn’t make a difference at the initial stage but once the projects pick pace, having a solid reveal plan becomes important, directly affecting the project’s profitability and success.

When the sale begins, the NFT teams won’t showcase buyers the actual NFTs. Rather, projects display a placeholder NFT with an unimpressive pre-reveal image. At some point post-sale, the NFTs are revealed. This is done by changing the base URI, in the smart contract, pointing to the metadata relevant to the set.  Once the flip is switched, all the minted NFTs are revealed. Now, when the holders go to their wallets, they can view the real images.

UnicusOne team handles NFT Reveal for you, optimizing your incentives for NFT buyers.

Token swap on metaverses

Current metaverses suffer from a crippling problem of isolation. Crypto assets and tokens of a metaverse are restricted to that particular platform, hampering liquidity. UnicusOne brings along token swap capability, enabling users to exchange tokens right away. There are scores of Metaverse tokens up there, with diverse market caps, unit prices, and circulating supply.

Token swap capability facilitates the interconnection of metaverses, enabling end-users to switch between various virtual spaces on the go. They can quickly swap tokens of a metaverse with the other and hop on it right away.

Allow tokenization of assets

Audited smart contracts on UnicusOne provide for the quick tokenization of tangible assets, boosting their liquidity. In the conventional world, it is always a pain for the buyers and sellers to deal with the transfer of ownership involving assets, including real estate, art, and other stuff. Thanks to tokenization, even the expensive assets become affordable for buyers. At the same time, asset owners are also able to unlock the value of their holdings with ease.

Disseminate information across chains

In the NFT space, the transfer of information is unfeasible. Unlike the DeFi projects, the NFT ecosystem is still developing and most platforms struggle with a seamless flow of information. UnicusOne is an advanced platform providing full support to cross-chain oracles, facilitating the frictionless flow of information between chains the projects are residing on.

Automate trading

Cross-chain oracles on UnicusOne facilitate full-scale trading of NFTs, maximizing the profits of traders. The platform enables traders to set up trading preferences and conditions. NFT drones are sophisticated enough to complete the tasks, once the requirements are met. With audited smart contracts executing the trading, traders are free of vulnerabilities, manipulations, or security breaches that might put their funds in peril. 

Authenticate NFT ownership

Of late, unauthenticated ownership transfer has been a pricking issue in the NFT world. UnicusOne has resolved the issue by putting in place a novel method of verifying the true owner of an NFT. Ownership is ascertained by examining their social profiles. Thanks to social authentication, buyers feel assured regarding the authenticity of the tokens.

Support to multiple wallets

Developers with UnicusOne can integrate your project with multiple wallets, enhancing the reach of your project. This provides an opportunity to wallet developers as well to integrate their wallets with the platform and enhance the volume of transactions their products are garnering to. UnicusOne supports integration with wallets like MetaMask, Coinbase, WalletConnect, etc.

The road ahead

UnicusOne is playing a key role in building the future of the NFT ecosystem. We have put in place an advanced platform that helps you set aside the roadblocks NFT projects have been facing in terms of NFT drops, storefronts support, generate art engine, reveal process, token swap, tokenization of assets, cross-chain dissemination of information, automation of trading, support to multiple wallets, authentication of NFT ownership, and others.

Offering a unique solution of integrating Web3 as a service, UnicusOne allows you to move to a new age ecosystem with the least of costs and hassles.

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World’s first Multi Chain WaaS – An Introduction to UnicusOne

World’s first Multi Chain WaaS – An Introduction to UnicusOne


World’s first Multi Chain WaaS – An Introduction to UnicusOne

Two recent incidents lay bare the flaws of Web 2.0 – centralized control, poor security, dissatisfied communities, and many more.

The first incident involved Frances Haugen, a former Facebook product manager who testified before the Congress raising issues over the social media giant’s prioritization of profit over the public good and lack of transparency. Right after, Facebook went down globally, as if self-indicting the centralized systems for their limitations.

The second incident was about tons of internal data lying with Twitch, the popular streaming service owned by Amazon. The data was released by an anonymous hacker along with source code and payout information for top creators. The hacker went on terming the community a disgusting toxic cesspool.

Undoubtedly, Web 2.0, led by centralized platforms, brought the Internet to the mainstream of economics. However, Web 2.0 had its share of serious limitations and now, as the better technologies come to the fore, it is time for Web 2.0 to leave the ground.

Web 3.0 resolves some prickly issues in the prevalent digital ecosystem:

Below-par security

Centralized systems often have poor security practices in place, as disclosed in the Twitch revelation. For years, we have been listening to information leakage from banks, retailers, and social platforms. Web 3.0 is a level better in security as it is built on cryptographic primitives. Moreover, Web 3.0 projects have open source code, so picking loopholes becomes much more efficient. In-built mechanisms lead to the protection of user value. Bug bounties in Web 3.0 projects help identify potential exploits in protocols, saving a truckload of dollars that could be lost otherwise.

Skewed power dynamics

In the Web 2.0 era, power dynamics were decisively tilted towards the platforms. Users had no option but to agree to whatever the platform imposed upon them. Through the governance tokens, Web 3.0 tilts the balance in favor of users. Now, end users can play an active role in deciding upon the governance issues. Users are in control of data. Thanks to the interoperability of blockchains, users can move between platforms seamlessly. Web 3.0 tools enable users to walk outside the walls and get in touch with the community directly.

Reaction to insecurities

Flexibility in Web 3.0 ecosystems enables enterprises to take swift action whenever an opportunity comes up. When users found OpenSea, a renowned NFT platform, might be engaged in insider trading due to know-how about the NFTs to be featured, platforms emerged to plug the loopholes in the NFT market in vogue. In the traditional Web 2.0 ecosystem, such quick reactions to market dynamics simply can’t exist.

No incentives for community building

The Web 2.0 ecosystem has no in-built support for communities because of its centralized nature. On the other hand, Web 3.0 platforms are user-owned and community-driven, leading to the alignment of the communities with the platforms. No platform will ever like to draw the wrath of their own community. Users of a Web 2.0 platform have to wait for the platform to take action for any given issue. However, in the Web 3.0 ecosystem, there is in-built governance and moderation mechanism. For instance, in the case of a metaverse, users can vote who will be allowed in the system and who won’t.

Transparency and censorship issues

Social media platforms of the Web 2.0 era usually have a two-tier policy regarding their users. As Francis Haugen had pointed out, Facebook treated celebrities differently than the usual users. For a similar offense, they would penalize a regular person but let a celebrity off. Web 3.0 sets aside such issues, thanks to greater transparency and censorship, that comes with decentralization. Decisions are taken by the broader community and such discrepancies simply won’t exist.

Imbalanced economics

Web 2.0 monetization mechanisms generally only benefit the platforms and not the end-users. Thanks to the composability in Web 3.0, these issues stand resolved as the ecosystem brings along mechanisms like NFTs and DeFi, which simply change the way economics works on digital ecosystems. Artworks, for instance, can be monetized now making them affordable for the commoners. Similarly, expensive real estate can be tokenized as well, opening up new options for the owners as well as buyers.

UnicusOne – An enabler of Web 3.0

A sort of digital bridge between Web 3.0 and Web 2.0, UnicusOne provides a window to projects to switch their ecosystem with mild code integration. What UnicusOne does is to simplify a process that would otherwise be technologically challenging. UnicusOne has come up with an innovative widget-based solution for this pressing problem, making a complex integration completely hassle-free.

Rather than building their own NFT infrastructure from scratch, projects can hop on the UnicusOne bandwagon and take advantage of Whitelabel solutions, using the complete infrastructure right away. The platform supports ERC 721 as well as 1155 standards along with a range of asset classes. For any project keen on embracing Web 3.0 and transforming the environment your business operates, UnicusOne is a go-to solution.

NFT storefront that UnicusOne rolls out enables projects to create their own custom, secure, branded, NFT marketplace in a DIY format. Using the customized templates, you can create, preview, publish, and monetize your NFT collections. Moreover, you can also benefit from the smart contract management of the scalable marketplace. As if this is not enough, UnicusOne auction architecture is fully decentralized and multi-threaded, tremendously boosting the scalability feature.

Summing up

To realize the potential of Web 3.0 and tide over the limitations of Web 2.0 with a breeze, you need an enabler that hooks into the infrastructure with a few clicks, giving you instant access to an array of sophisticated tools. You are backed by fully audited contracts that facilitate minting, buying or selling of tokens with speed and convenience. Thanks to frictionless operability, you cannot just move tokens to other blockchains with ease but also discover the complete history of NFTs. Unprecedented transparency and clinical functional efficiency are the hallmarks of the platform.

Developed to help foster scalable and secure Web 3.0 applications, UnicusOne unravels the immense potential of blockchain, particularly NFT technology When zeroing in on UnicusOne as a Web3.0 partner, projects can be sure about the lightning-quick integrations as well as multi-dimensional support. Enabling projects to connect through a Widget with mild coding and whitelisting features, UnicusOne enables NFT storefront owners to get going with a nominal upfront cost.

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