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Reinventing yourself in the Metaverse through digital identity

Published 08/11/2022, 11:50 AM
Updated 08/12/2022, 01:40 PM
Reinventing yourself in the Metaverse through digital identity

Reinventing yourself in the Metaverse through digital identity

The Metaverse has become one of the biggest buzzwords of the year as a number of brands, companies and even countries begin to explore virtual worlds to conduct business. Even though Metaverse development is still underway, a recent report from the technology research and advisory firm Technavio found that the Metaverse will hit a market share value of $50.37 billion by the year 2026.

Another report predicts that the growth of the Metaverse will be driven by e-commerce, which is expected to reach a market share of $60.47 billion by the year 2026. E-commerce across social media platforms is also expected to increase over the coming years, which may suggest that the Metaverse will advance as the next generation of social networking. Therefore, it shouldn’t come as a surprise that a number of Millennials and Gen Zers are currently showing interest in the Metaverse.

Example of a customizable avatar in Virtua’s metaverse. Source: Virtua
Photo realistic avatar of Cai Felip. Source: Linking Realities

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