Chapter 3, titled "Owners and Digital Identities," emphasizes the critical role of digital identity in establishing a functioning economy within the Metaverse. It argues that without a robust digital identity infrastructure, which integrates trust into the digital realm, the potential for economic activity in virtual spaces cannot be fully realized. The chapter distinguishes between "digitized identity," which merely replicates traditional identity systems, and "digital identity," which is designed for the interconnected and constantly online nature of the Metaverse. It outlines the necessity of a framework that encompasses identification, authentication, and authorization, using the Three Domain Identity (3DID) model to facilitate effective communication among stakeholders and to bridge the gap between physical and digital identities.
