“The Metaverse” and “Web3” 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’s driving its growth. But with users’ identities at the heart of the Metaverse, coupled with unprecedented amounts of data online, there are concerns over data security, privacy and interoperability. Although this has the potential of limiting the Metaverse’s development, self-sovereign as well as regulated identities can play important roles in making sure that our identities and data are protected.

Related: Digital sovereignty: Reclaiming your private data in Web3