Crypto enthusiasts and investors alike are going gung-ho about the Metaverse like it is the largest societal disruption that civilization has ever seen, even as the globe continues to deal with the COVID-19 pandemic’s effects.
In an effort to grab consumers’ attention, the word “metaverse,” which refers to any virtual environment where people may interact with one another, is now being informally applied to any project including virtual reality (VR), gaming, or even non-fungible tokens (NFTs).
Market analysts predict that the metaverse will grow into a multi-trillion dollar sector at some point, and a slew of businesses are vying for investor attention by branding their product lines as “metaverse” in an effort to capitalize on this prediction.
The world genuinely stood in rapt attention when Facebook changed its name to Meta Platforms Inc (NASDAQ: META), indicating its shift to concentrate on virtual worlds, and the sales for its Quest 2 VR headsets skyrocketed.
However, the company admits that the metaverse will need to incorporate much more than just VR gear, such as augmented reality (AR), machine learning (ML), artificial intelligence (AI), and of course VR.
Yet, many continue to wonder how much time people would actually want to spend in a virtual environment and whether or not the metaverse will actually be a secure place for people to interact.
Identity theft a major drawback
You can be anybody you want to be in a metaverse, which may raise security issues.
For instance, someone with ulterior motives may exploit your identity for unlawful actions.
This highlights the difficulty in establishing one’s identity because bots may readily duplicate your appearance, data, and even personality.
Different identification procedures like voice …
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