CEO's Forbes Business Council Article on Digital Identity For those of you who don’t know, the CEO of $LQID is a member of the Forbes business council. He recently published an article going over the importance of digital identity in the metaverse. The article touches on some important features of the metaverse.
- What is the metaverse?: It's an immersive digital representation of an environment (based on both fiction and reality)
- He then goes over how a metaverse/digital environment gives rise to fraud and mistrust because of the ability to become a completely new person every day
- Most of the time, an avatar is not backed by an authentic identity, which is why it's important to have digital credential integration to recover that trust and further increase the immersion of the metaverse (digital identity exactly what $LQID is building)
It's a great read about the metaverse, and it highlights the importance of $LQID’s products: https://www.forbes.com/sites/forbesbusinesscouncil/2021/12/28/digital-identity-in-the-metaverse/?sh=27ec52d71fb6
Without a doubt, $LQID is a rapidly expanding company. Revenues have continued to grow, and with many more plans to execute in 2022, I'm excited to see what they bring to the metaverse next. The stock has been fairly horizontal recently, but I'm expecting some stability for the time being in the $0.190-$0.205 range. Level 2 is showing relatively strong support down to $0.18. Looking pretty good with a $27M market cap here.