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    Apple Vision Pro Launches with Blockchain-Based Metaverse Game – Next Big Thing?

    Published on:

    Last update:

    February 3, 2024 03:02 EST
    | 2 minute read

    Source: Apple

    Apple's long-awaited Vision Pro headset is coming soon metaverse Apps for blockchain-related companies.

    Victoria VR is a developer that brings together cryptocurrencies and virtual reality (VR). is intended to provide An immersive Metaverse experience with ultra-realistic graphics that complements the advanced technology of Apple headsets.

    The app is expected to be released in the second quarter of this year.

    According to a statement released by the company, the Victoria VR Metaverse app showcases the capabilities of Apple Vision Pro while demonstrating the power of Web3 technology.

    The move marks Apple's entry into the virtual reality ecosystem and positions the Vision Pro as a competitor to Meta's (formerly Facebook) Meta Quest headset.

    Victoria VR Metaverse Powered by VR Token


    Victoria VR Metaverse is powered by VR Token, an Ethereum-based cryptocurrency that complies with the ERC-20 standard.

    Active users and stakers of VR tokens will be rewarded, with half of the revenue generated from the sale of in-game assets redistributed to these participants.

    The VR token has a market capitalization of $103 million, and its value has risen nearly 60% in the past 24 hours, according to CoinMarketCap data.

    Victoria VR aims to create an inclusive environment that is accessible to all participants.

    The project emphasizes a “pay-to-speed” approach rather than a “pay-to-win” model, ensuring users can earn VR tokens simply by participating in the Metaverse.

    The announcement comes at a time of growing interest in the metaverse as technology companies explore opportunities in the space.

    By combining blockchain technology and virtual reality, Victoria VR aims to deliver a unique and engaging Metaverse experience on the Apple Vision Pro headset.

    As the Metaverse continues to evolve and gain traction, the release of the Victoria VR Metaverse app on Apple Vision Pro could be a significant development at the intersection of blockchain and VR.

    Meta's Reality Lab records $4.6 billion in losses


    Meta subsidiary Reality Labs, which focuses on developing the Metaverse, recorded significant revenue. Operating loss was more than $4.6 billion In the fourth quarter of 2023.

    In its fourth quarter report released on Feb. 1, Meta noted that Reality Labs reported a loss of $4.65 billion in the fourth quarter, while generating revenue of nearly $1.1 billion. revealed.

    The operating loss is Reality Labs' largest quarterly loss since Meta began including the division's financial information in its fourth quarter 2020 report.

    Reality Labs' total revenue in 2023 amounted to just under $1.9 billion, with more than half of the annual revenue coming in the fourth quarter, driven primarily by the release of Meta Quest 3.

    The total operating loss in 2023 reached $16.1 billion, an increase of 17.5% year-on-year compared to 2022.

    The Metaverse has been the subject of intense debate in the technology industry, with some industry leaders like Bill Gates expressing lukewarm expectations.

    The bleak outlook for the Metaverse isn't entirely out of the norm, especially since many of the idea's most ardent supporters have recently backed away from their ambitions.

    One example is entertainment giant Disney. announced The company announced last year that it would eliminate its Metaverse division as part of broader layoffs affecting as many as 7,000 employees.

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