Metaverse Users Need To Reclaim Their Private Data In Web3 – Why?

According to the Fair Data Society, we all work in the data world. Our personal and private data is our digital footprint. However, the platforms we use to interact with one another collect it in ways we cannot see. In the best-case scenario, it improves our user’s experience. Unfortunately, however, there are circumstances in which third parties can monetize, breach, or weaponize our privacy against us. Everything started in the early 2000s when the user-generated web grew in popularity. Free social media networks, search engines, and different companies recognized a new revenue stream and began collecting, storing, and selling user data. The data market has expanded significantly today. According to Statista, there was creation, use, and sharing of 59 Zettabytes with the rest of the world in 2020. By estimation, this amount will exceed 180 Zettabytes by 2025. According to Prof. Sabina Leonelli, during a discussion about the future of data sovereignty in a profit-driven world: “Individual rights and group action are affected when many organizations control the sharing and use of information.” Indeed, Google controls more than three-quarters of the global search market. In the same vein, Meta owns four social media platforms with more than 3.6 billion individual users. Course for Data Sovereignty The Data Transfer Project came into existence in 2018. It was in response to the growing pressure and regulatory requirements felt b...