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. 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. Visit https://unicus.one/

1. UNICUS ONE
WEB 3 VS METAVERSE,
DIFFERENCE AND FUTURE
TOGETHER – UNICUSONE
www.unicus.one

2. 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,

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.
WEBSITE: www.unicus.one
CONTACT NO.: +971504807978
EMAIL: info@unicus.one