Imagine a future where Apple’s virtual reality headset takes center stage, igniting excitement as it drives up the value of the currency used in the Metaverse. Speculation abounds on the possibilities and rewards that await. Get ready for a thrilling ride into the unknown!
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Apple HasIntroduced VR!
According to information from Bloomberg, “On January 24, Apple provided a detailed look at its highly anticipated mixed reality headset. The device, which has a price tag of $3,000, was expected to go on sale later this year under the name Reality Pro. Already these rumors have shown that a new door has been opened for the Metaverse.
Is Apple Preparing For a 3D Environment?
Apple intends to integrate a 3D environment into its next mobile operating system. A completely open virtual world, comparable to Decentraland, The Sandbox or Somnium Space, therefore seems unlikely. Existing Apple users will have access to meeting rooms as well as advanced video conferencing capabilities based on FaceTime.
What Exactly Can Be Expected From The Apple VR Devices?
The device will be equipped with external cameras that can recognize and respond to hand gestures. In addition, the body of the device will be equipped with sensors that can track the user’s eye movements. According to the report, the helmet will be equipped with a digital crown like the Apple Watch. This will allow users to choose between virtual reality and augmented reality.
Users will be able to activate a task by simply squeezing their thumb and index finger together, eliminating the need for additional devices. The hardware will compete with high-end virtual reality systems such as Meta’s Quest Pro and Sony’s planned PlayStation VR2. The market for VR and Metaverse hardware is currently led by Meta’s Quest 2 headset, which will launch in 2020.
According to Bloomberg, Apple aims to sell around one million units of its revolutionary headset in its first year on the market. According to CNBC, global sales of virtual reality headsets and augmented reality devices are down more than 12 percent in 2022.
What Exactly Will Metaverse Coins be Used For?
It is unlikely that Apple will allow third-party applications to communicate with the device. Therefore, it is unlikely that the decentralized currencies used in Metaverse will be directly affected.
Like its competitors Meta, Microsoft, and Sony, Apple’s implementation of Metaverse technology has the potential to enhance virtual worlds and their underlying assets. Apple is interested in acquiring a piece of the Metaverse industry, which is expected to reach $5 trillion by 2030 and was discussed earlier this month.
On The Size of The Metaverse Market
Our research shows that the current market capitalization of Metaverse coins is about $8.5 billion. That’s less than 1% of the total value of the cryptocurrency market, which currently stands at over $1.1 trillion. So, there is still a lot of room for growth, especially considering that many of them are 80-90% below their peak.
Some of the most popular tokens such as Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ) have lost more than 85% of their value. If the Metaverse and other technologies of a similar nature are about to implode, the tokens with the highest value will likely be the first to move.
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