{"id":11159,"date":"2022-05-28T06:23:11","date_gmt":"2022-05-28T06:23:11","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/identity-and-the-metaverse-decentralized-control\/"},"modified":"2022-05-28T06:23:13","modified_gmt":"2022-05-28T06:23:13","slug":"identity-and-the-metaverse-decentralized-control","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/identity-and-the-metaverse-decentralized-control\/","title":{"rendered":"Identity and the Metaverse: Decentralized control"},"content":{"rendered":"
\u201cThe Metaverse\u201d and \u201cWeb3\u201d are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of a better user experience, security and control for consumers is what\u2019s driving its growth. But with users\u2019 identities at the heart of the Metaverse, coupled with unprecedented amounts of data online, there are concerns over data security, privacy and interoperability. This has the potential to hinder the development of the Metaverse, but both regulated and self-sovereign identities could play an important role in ensuring that we truly own our identity and data within this new space.<\/p>\n
Related: <\/em><\/strong>Digital sovereignty: Reclaiming your private data in Web3<\/em><\/strong><\/p>\n Although the concept of the Metaverse has been around for a while, it was recently brought into the spotlight when Mark Zuckerberg chose to rename his company \u201cMeta\u201d (to the annoyance of many in the blockchain community!). With the digitalization of many aspects of our lives already underway, many argue that the Metaverse will touch everyone\u2019s future, and it\u2019s set to significantly change the way we interact with technology.<\/p>\nWhat is the Metaverse?<\/h2>\n