“ For the metaverse to become what it needs to be , people need to be able to exchange something of value ”
MAT PECK CTO MONAVATE
“ Balancing innovation while ensuring security will be an ongoing juggling act . Add to this the serious matter of data privacy . With the metaverse churning out vast amounts of detailed user data , it ’ s a dance on a tightrope of ethics and privacy .”
Despite these clear challenges it does not mean the potential for growth in the virtual economy isn ’ t significant .
Monavate ’ s Mat Peck concludes : “ The potential is enormous and global , but the metaverse isn ’ t what people currently think it is . For the metaverse to become what it needs to be , people need to be able to exchange something of value – so until that properly exists , it won ’ t be utilised in the correct way .”
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