Warning: Attempt to read property "post_title" on null in /home/l9s486wnf6gu/public_html/wp-content/plugins/wp-rss-feed-to-post/includes/wprss-ftp-display.php on line 111

As the world is approaching a time where the metaverse is a genuine part of our lives, we are beginning to see not just the limitless potential of the concept but also its possible pitfalls. A lot of the pitfalls we have seen so far have had to do with human behavior such as people being scammed or harassed.As we continue to press on, a new challenge has emerged: the problem of identity. The metaverse, of course, will have virtual avatars that we will engage with, exchange information with, and maybe even do business with. For this to be efficient, there needs to be a system in place to confirm identity. We already see the effects of misrepresentation of identity in the current version of the internet in form of catfishing and identity scams and the metaverse will be no different if we do not act now. In this vein, the Smart Places Protocol has announced a new NFT-based identity label canned SMARTEE ID that works specifically for the metaverse. For a metaverse user to get the ID, they will have to confirm that they are humans. This is done through their interactions with other users in real-life. As such, they will have to ‘earn’ the identification badge over time. After this, anyone who interacts with them in the metaverse can rest assured that they are talking to a human as well. This has immense implications because it not only stops humans from interacting with bots but will also help companies that want to target ads to reach potential customers and not bots as well. Smart Places Protocol will be listing its IDO in partnership with Adax, an automated liquidity protocol, on ADAX.PRO from January 20, 2022 at 12am UTC. Based on the Cardano blockchain, Adax is also dedicated towards a decentralized and democratized future. The Smart Places protocol intends to release more information about this new Identification system and the listing via their official website. About Smart Places Protocol:Smart Places Protocol is a Connect2Earn that rewards users for interacting with each other in a virtual landscape while still offering privacy and control. For more information please visit the WebsiteFor updates, please follow Smart Places Protocol’s social platforms on: Medium | LinkedIn | Twitter | Telegram Media Contact: info@smartplacesprotocol.io

This press release was originally published on this site

You May Also Like

Wemade Signs Blockchain Game Onboarding Deal with Polish Game Developer Katnappe

Hoomeez by Katnappe becomes the first party online game to be serviced…

Metagame Industries Receives Microsoft for Startups benefits to accelerate the development of its Web3 MetaGame – Abyss World

Metagame Industries(“Metagame” or the “Company”), a tech-driven gaming studio leveraging blockchain, AI,…

Nethermind Joins Japan Open Chain as a Validator as part of its APAC expansion

Nethermind, a leader in blockchain research and software engineering, is pleased to…

Strategic Advisor Brian Ferdinand to Lead Framework Development Across Digital Assets and Commodity Markets

Helix Alpha Systems Ltd today announced a formal roadmap to extend its…

Echo Launches Worldwide and Starts Exclusive Public Sale for the ECHO Token

Echo, a revolutionary centralized crypto exchange, officially launched worldwide on May 15,…

Vietnam Blockchain Service Network officially published 6 layer-1

After ten months of development, as of October 2025, VBSN has successfully…

AI Tensor Coin (AITS): Unleashing the Power of Artificial Intelligence in the Cryptocurrency Sphere.

In the ever-evolving world of cryptocurrencies, where innovation and potential for growth…
Routemaster Capital Forms and Strengthens Advisory Board With Former Executive at Alibaba Group and Yahoo!, Trapp Lewis

Routemaster Capital Forms and Strengthens Advisory Board With Former Executive at Alibaba Group and Yahoo!, Trapp Lewis

TORONTO, Nov. 26, 2020 – Routemaster Capital Inc. (the “Company” or “Routemaster”)…

Numbers Protocol Wins Metaverse & Web3 Category at SXSW Pitch, Solving Critical Issue of Digital Media Provenance for Humans and AI

Numbers Protocol, a startup dedicated to solving the critical issue of digital…

Forexroboteasy.com : Your Navigator to the World of Financial Services

In the world of modern finance, where the market offers a huge…