Apple is about to launch its highly anticipated mixed reality headset in the coming weeks a development that some say could breathe new life into the metaverse.
New Move from Apple
In January native tokens from blockchain based metaverse projects such as Decentraland and Sandbox witnessed an important significant spikes in their price in part due to rumors about Apple’s mixed reality initiative.
This trend was echoed in a May 15 through the tweet by independent developer Udi Wertheimer who is in a contrary comment to absurdity of influencer driven memecoins which is mentioned the upcoming release as a potential driver of the metaverse token prices.
eToro market analyst Josh Gilbert believes that the new headphones will set the markets on fire thanks to the Apple’s proven ability through the deliver high quality, market changing products.
However, the analyst expressed some skepticism about the launch of the new headset would be the “pivotal moment” that will re vitalize cryptocurrencies tied to the metaverse.
It’s also worth noting that while many crypto market participants immediately associate with the concept of virtual reality with “metaverse tokens,” Decentraland is in still in the process of developing its VR capabilities and The Sandbox previously told that it has “no immediate or future plans” to build the VR.
At this point Gilbert like many others also notes that a fully immersive metaverse experience is probably still a “long way off experience especially given the gap between the iPhone’s initial launch and the availability of apps that would realize the hardware’s full potential.
MANA and SAND
According to him, the performance of metaverse tokens like MANA and Sandbox will depend more on the mainstreaming of the metaverse among everyday users than KUM token:
As a result of that we are still very early in the metaverse world and their performance will probably largely depend on popularity of the Metaverse in the future.
The metaverse and its similar cryptocurrencies like MANA and SAND experienced an explosion due to popularity during the 2021 crypto bull run with countless projects backed by bottomless treasury of venture capital promising to create a groundbreaking immersive virtual world for users.
Unfortunately, many of these companies including Zuckerberg’s Meta, which spent $13.7 billion on R&D in 2022 have yet to see large scale adoption among every day users.
