Metaverse is all the buzz. Users are betting on a virtual reality world where they can interact and experience things as they would in the real world. While the metaverse promises to replicate real-life elements, one aspect that cannot be ignored is the privacy and security challenges that the digital space brings with it.
As the online and offline worlds collide, many are excited at the metaverse’s tremendous technological potential in terms of changing traditional finance, experiential e-commerce and gaming, but some are worried about the potential costs users will have to pay for the privilege.
In today’s column, we discuss the future of passwords in the metaverse. Before we delve into the topic, here’s a quick round-up of the metaverse. It is a concept coined by sci-fi writer Neal Stephenson in his 1992 novel Snow Crash. In short, the metaverse is a blend of offline and online experiences in an interactive digital space, where social interactions and transactions can occur simultaneously.