Apple’s Vision Pro Headset to Launch with Blockchain-Powered Metaverse App
Apple’s highly anticipated Vision Pro headset will feature a metaverse app developed by Victoria VR, a crypto-meets-virtual reality (VR) developer. The app aims to provide an immersive metaverse experience with realistic graphics that complement the advanced technologies of the Apple headset. It is set to be released in the second quarter of this year.
The Victoria VR metaverse app will not only showcase the capabilities of the Apple Vision Pro but also demonstrate the power of Web3 technology. This move marks Apple’s entry into the virtual reality ecosystem and positions Vision Pro as a competitor to Meta’s Meta Quest headset.
Victoria VR Metaverse Powered by VR Token
The Victoria VR metaverse operates on the VR token, an Ethereum-based cryptocurrency following the ERC-20 standard. Active users and stakers of the VR token will be rewarded, with half of the revenue generated from in-game asset sales being redistributed to these participants. The VR token’s market cap currently stands at $103 million, experiencing a surge of nearly 60% in value over the last 24 hours.
Victoria VR aims to create an inclusive environment accessible to all participants, emphasizing a “pay-to-speed” approach rather than a “pay-to-win” model. Users can earn VR tokens simply by participating in the metaverse.
This launch comes at a time when interest in the metaverse is growing, with tech companies exploring opportunities in this space. By combining blockchain technology with virtual reality, Victoria VR aims to offer a unique and engaging metaverse experience on the Apple Vision Pro headset.
Meta’s Reality Labs Records $4.6 Billion Loss
Meta subsidiary Reality Labs, focused on metaverse development, reported an operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, Meta disclosed that Reality Labs generated nearly $1.1 billion in revenue but suffered a significant loss.
Reality Labs’ operating loss for 2023 reached $16.1 billion, representing a 17.5% year-on-year increase from 2022. This financial performance raises concerns about the profitability and viability of the metaverse concept.
Despite the gloomy outlook, Apple’s launch of the Vision Pro headset with the Victoria VR metaverse app could be a significant development at the intersection of blockchain and VR.
Hot Take: Apple Vision Pro and Blockchain-Based Metaverse Game
Apple’s foray into the metaverse with the Vision Pro headset and Victoria VR’s blockchain-powered metaverse app marks an exciting step toward the convergence of virtual reality and blockchain technology. This collaboration showcases the potential for immersive experiences in a decentralized virtual world.
While Meta’s Reality Labs has recorded substantial losses, Apple’s entry into the metaverse space introduces competition and offers an alternative to Meta Quest. The success of the Victoria VR app on the Vision Pro headset could shape the future of blockchain-based metaverse experiences.
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