Digital identity is an evolving concept and is littered with areas like privacy and security. “Digital identities are set to change the way users approach their online presence. Non-Fungible Tokens (NTFs) and Metaverse digital identities are more seamless, allowing users to maintain a presence across different platforms while retaining ownership over personal content, rather than having it hosted by a third party on your platform. Vijay Pravin Maharajan, founder, CEO, bitsCrunch, a blockchain analytics firm, told FE Blockchain.

Add to that a recent report by Jupiner Research, an analyst house, revealed that the concept of digital identity presents a complex picture compared to its traditional form, where today’s multi-use ecosystem relies on identity sharing…