The internet is currently undergoing a massive transformation into what is commonly referred to as the Metaverse. This new version of the internet is creating a more immersive, interconnected, and interactive experience that is revolutionizing the way we interact with technology, and it is set to change the world as we know it. One of the most critical aspects of this digital revolution is the importance of digital identity, and how it will shape the future of technology and the way we conduct our lives.
At The Metaverse Insider, we recently had the privilege of interviewing Sandy Carter, COO and head of business development at Unstoppable Domains. Unstoppable Domains is a leader in the development of decentralized blockchain-based domain names that are compatible with most blockchain networks. Their new technology allows users to create and manage their digital identities across different platforms within the Metaverse while maintaining full ownership and control over their data.
Sandy notes that digital identity is becoming increasingly important in today’s world, especially in the Metaverse, where users own their digital identity and all the data associated with it. She emphasizes that if we put people at the center of the Metaverse, the first thing we have to work on is digital identity and how it relates to people’s avatars, their digital representations of themselves. In other words, digital identity is now an essential component of constructing and enhancing personal and professional branding, allowing users to express their personalities, interests, and talents in new ways.
In today’s changing world, the demand for digital identity security and trustworthiness is crucial. Unstoppable Domains aims to empower users by giving them control over their data through the digital identity profile. This profile enables users to control what information to share, when to share it, how much to share it, and for how long. By putting the responsibility on the user, it gives them the freedom and power to protect their data and safeguard it in a more efficient, secure, and effective way.
Unstoppable Domains offers several ways to make it easier for Web 2.0 users to transition to Web 3.0, including offering a search bar that uses AI to help users find a digital identity they like. Additionally, users can purchase their digital identity using a credit card or PayPal, without the need for a crypto wallet, thus enabling a new wave of users to enter the Web 3.0 space.
Sandy believes that digital identity will continue to evolve over the next five to ten years, with the digital identity platform developing and changing as more data is stored within it. Land deeds, car titles, and healthcare data stored within digital identities are just a few examples of how digital identity could become more important and revolutionize the way we conduct our lives. Furthermore, the notion of education data, such as diplomas and degrees, being stored within a digital identity is another example of how Unstoppable Domains sees the future of digital identity and its importance.
Overall, the importance of digital identity cannot be overstated. It is an essential component of the Metaverse and one that must be developed with the proper safeguards in place. Companies like Unstoppable Domains are leading the way in this new era, creating a more secure and trustworthy digital identity ecosystem while empowering users to take control of their data, allowing for a more comprehensive and accurate representation of an individual in both virtual and physical worlds.