70% of Consumers Are Worried About Privacy and Security in the Metaverse

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    The Metaverse is a bold concept, although it tends to be quite confusing to most consumers. How the Metaverse could become the way of the future, as one of the world’s largest technology companies essentially rebrands itself as a Metaverse-centric company after decades of focusing on social media There is a lot of talk about whether there is.

    Despite this fact, we found that there are some major concerns holding consumers back. According to a survey conducted by S&P Global, 70% of consumers were concerned about privacy, data collection, and security related to the Metaverse. The fact that Mark Zuckerberg, a tech giant not previously known for being cautious about data privacy, is at the wheel makes things even worse than they would have been otherwise. That’s for sure.

    With all that said, it’s important to note that harassment and bullying is another major concern that can become a significant pain point in the customer journey going forward. is. 44.5% of those responding to the survey said they were at least somewhat concerned about establishing community rules, and 29.3% said they were very concerned.

    Perhaps the most important data that people worry about when it comes to the metaverse is transactional data. This is because this is the type of data that can ultimately cause widespread economic damage. 40.9% of survey respondents admitted to feeling some concern, and a further 33.9% said they felt very concerned, all things considered.

    One thing that could cause problems is that the Metaverse incorporates blockchain technology. Although this is still a nascent technology and has many detractors, the Metaverse and its entire digital economy may not be sustainable without the use of blockchain and the various tokens associated with it at this time. there is.

    Read next: 45% of Americans are very concerned about online privacy


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