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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