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The Metaverse needs to keep an eye on privacy to avoid Meta’s mistakes

Cryptocurrency Apr 23, 2022 03:00AM ET
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The Metaverse needs to keep an eye on privacy to avoid Meta’s mistakes
 
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Metaverse skeptics fear the prospect of unprotected data and large-scale user surveillance on a scale never seen before. Ironically, the largest company pushing the Metaverse, Meta (previously known as Facebook (NASDAQ:FB)), has faced its own fair share of privacy scandals in the internet’s current iteration, culminating in Mark Zuckerberg being infamously hauled before the United States Congress to answer for Facebook's inability to combat hate speech and data privacy violations.

In a U.S. Senate committee hearing, whistleblower Frances Haugen accused Meta of prioritizing “profit over the well-being of children and all users” when it came to creating manipulative algorithms that tap behavioral data to persuade users into spending more time on the platform.

Daniele Marinelli is the CEO and founder of DTSocialize Holding. He previously worked as a consultant and auditor, and is also a member of Italy’s National Council for Economics and Labour and enrolled in the National Taxation Institute. In 2010, Daniele started to look into digital assets and the technologies behind them. Soon after, he decided to create an ecosystem where the members of the DT community are able to access modern financial services, interact, socialize, shop and earn using one single digital ID whilst protecting their privacy.

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The Metaverse needs to keep an eye on privacy to avoid Meta’s mistakes
 

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