Will Metaverse tokens pump following Apple’s VR headset reveal?

Will Metaverse tokens pump following Apple’s VR headset reveal?
  • Later this year, Apple’s VR headset is scheduled to go on sale.
  • It is unlikely that the company will permit any interaction with it outside of the Apple ecosystem.
  • If there is another boom for virtual worlds, metaverse tokens may quickly recover.

A thorough preview of Apple’s eagerly anticipated mixed-reality headset was published by Bloomberg on January 24. It said the device, which is expected to be released later this year and cost a hefty $3,000, will go by the name “Reality Pro.”

For its mobile operating system, Apple plans to create a 3D world. Since Decentraland, The Sandbox, and Somnium Space are all fully open virtual worlds, it is unlikely that this one will be as well.

Advanced FaceTime-based video conferencing and meeting spaces for current Apple users will be some of the main features.

Apple VR Hardware Expectations

A number of external cameras on the device will be able to monitor hand motions. It will also have “sensors inside the device’s housing” that can be used to read eye movements.

By “twisting a digital crown,” like the Apple watch, users of the headset will be able to switch between VR and AR (augmented reality).

Users won’t require external controllers to perform tasks because they can perform them by pinching their thumb and index finger together.

The product will compete with Sony’s upcoming PlayStation VR2 headsets and Meta’s high-end Quest Pro. The market for VR and Metaverse hardware is currently led by Meta’s Quest 2 headset, which will be released in 2020.

Apple anticipates selling about 1 million of its new headsets in its first year, according to Bloomberg. However, CNBC reports that in 2022, global shipments of VR headsets and AR gadgets will decrease by more than 12%.

Will Metaverse tokens react?

Apple is unlikely to permit any interaction with the device from outside the Apple ecosystem. Decentralized Metaverse tokens won’t likely be directly impacted as a result.

Apple’s entry into metaverse technologies, following rivals Meta, Microsoft, and Sony, could strengthen virtual worlds and the assets that support them.

BeInCrypto reported earlier this month that Apple wants a piece of the $5 trillion Metaverse market, which may be reached by 2030.

The most popular tokens, including Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ), are currently all down by more than 85%. The top tokens will probably be the first to move if the Metaverse and related technologies take off. 

The market value of Metaverse tokens is currently about $8.5 billion, according to CoinGecko. This represents less than 1% of the current approximate $1.1 trillion market capitalization of all cryptocurrencies. Given that many of them are down 80–90% from their peaks, there is, therefore, plenty of room for growth.

The most popular tokens, including Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ), are currently all down by more than 85%. The top tokens will probably be the first to move if the Metaverse and related technologies take off.

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