Identity And The Metaverse: Coinbase’s Plans

Can we control our own data in a multi-metaverse world?

 

Coinbase laid out its vision for crypto, NFTs, and the metaverse in a thoughtful blog post. I was excited to learn how the world’s second largest crypto exchange is thinking about identity.

“At Coinbase, we want to help pull all the pieces of identity together – essentially creating an identity on-ramp into the Metaverse,” reads the post. “That’s the idea behind our work with ENS, which makes it possible to create a unique username NFT that resolves to a wallet. Eventually, this will allow users to carry a unique ID across different worlds in the Metaverse.”

I love the idea of being in control of my own data in a multi-metaverse world. I’m not in love with the idea of centralized data overlords. Does Coinbase have the answer?

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