Identity Management Institute Launches the Metaverse Security Center and Certified Metaverse Security Consultant (CMSC) Certification

With the growing adoption of the blockchain technology to develop the next generation of Web3 Internet and decentralized applications, Identity Management Institute has launched the Metaverse Security Center to increase awareness of metaverse security risks and Web3 security best practices through the Certified Metaverse Security Consultant (CMSC) training and certification program.

With the blockchain technology at its core, Metaverse is an advanced Web3 version of the current Internet which offers an immersive digital space to further transition our physical life into the cyberspace and reshape our way of life from finance, education, business, gaming, and entertainment to new ways for digital property ownership and payment with the use of NFT and crypto.

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Ownership and self-custody are key characteristics of Web3 where power and control are returned to the users in contrast to today’s centralized Web2 applications. The new Internet is expected to offer portability, ownership, and transparency with the highest level of encryption and greater level of responsibility in private key custody, identity management, and security.

“Metaverse is a galaxy of interconnected virtual worlds where people will be able to travel from one world to another and interact with one another in shared digital spaces” according to Henry Bagdasarian, Founder of Identity Management Institute. “In the metaverse, people will interact with digital twins to conduct business, attend concerts or sport events, go to school, and shop among many other things through virtual reality headsets, augmented reality glasses, and other new devices”.

The metaverse market grew from approximately $500 million in 2020 to $38 billion in 2022 and is expected to add $5 trillion to the global economy by 2030. There are currently 400 million active metaverse users globally and by 2026 about 25% of global population and 30% of businesses are expected to interact in the metaverse.

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