Microsoft Entra Verified ID, Quick Microsoft Entra Verified ID setup
Prerequisites
* You need the Authentication Policy Administrator permission for the directory you want to configure. If you need to perform app registration tasks, you'll also need the Application Administrator permission.
* Ensure that you have a custom domain registered for the Microsoft Entra tenant. If you don't have one registered, the setup defaults to the advanced setup experience.
Reference:
https://learn.microsoft.com/en-us/entra/verified-id/verifiable-credentials-configure-tenant-quick
https://learn.microsoft.com/en-us/entra/identity/users/domains-manage