Metaverse Tokens Could Take Off if There is a Virtual World Boom

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    Tech giant Apple has announced details of its virtual reality headset. It has a lot of ambitious features to match its rivals, but will it be enough to fully revive the metaverse-related digital assets?

    On January 24th, Bloomberg released a detailed preview of Apple’s long-awaited mixed reality headset. The device will likely be released later this year under the name Reality Pro and will cost a hefty $3,000. report.

    Apple plans to create 3D worlds for its mobile operating system. So it’s unlikely we’ll end up with a fully open virtual world like Decentraland, The Sandbox, or Somnium Space.

    Some of the core features include advanced FaceTime-based video conferencing and meeting rooms for existing Apple users.

    Expectations for Apple VR hardware

    The device has a number of external cameras that can track hand movements. In addition, it has a “sensor in the gadget’s housing” that can be used to read eye movements.

    According to reports, the headset will allow users to switch between VR and AR (augmented reality) by “twisting the digital crown” like the Apple Watch.

    Users can pinch their thumb and index finger together to activate tasks without the need for an external controller.

    The device will take on Meta’s high-end Quest Pro and Sony’s upcoming PlayStation VR2 device. Released in 2020, Meta’s Quest 2 headset is the current leader in the VR and Metaverse hardware market.

    According to Bloomberg, Apple plans to sell about 1 million units of the new headset in its first year. However, according to CNBCglobal shipments of VR headsets and AR devices will drop by more than 12% in 2022.

    Are metaverse tokens responsive?

    Apple is unlikely to allow interaction with devices outside the Apple ecosystem. Therefore, it is unlikely that decentralized metaverse tokens will be affected directly.

    But Apple’s move to Metaverse technology, following rivals Meta, Microsoft and Sony, could enhance virtual worlds and their underlying assets.

    Earlier this month, BeInCrypto reported that the metaverse sector could reach $5 trillion by 2030, and Apple wants a piece of it.

    According to CoinGecko, the market cap of Metaverse tokens is currently around $8.5 billion. That’s less than 1% of the current cryptocurrency market capitalization of nearly $1.1 trillion. So there is plenty of room for growth, especially considering many of them are 80-90% below their peak prices.

    Top Metaverse Coins By Market Cap Data coin gecko

    Top tokens such as Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND) and Enjin Coin (ENJ) are all down 85% or more to date. As the metaverse and related technologies boom, major tokens could be the first to move.




    BeInCrypto has reached out to the companies or individuals involved in the story to obtain an official statement regarding the recent developments, but has yet to hear back.


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