Apple Vision Pro and Blockchain Metaverse: A Game-Changing Duo
Apple Vision Pro is released with a blockchain-powered metaverse game. Is this the next significant development?
Apple’s much-anticipated headset, Vision Pro, will soon have metaverse software developed by a startup associated with blockchain technology.
Victoria VR, a developer that combines cryptocurrency and virtual reality (VR), intends to provide a fully immersive virtual world experience with highly realistic graphics, which will enhance the advanced features of the Apple headset.
The app is planned to be released in the second quarter of this year.
The Victoria VR virtual reality software will display the features of the Apple Vision Pro while illustrating the potential of Web3 technology, as stated by the business.
The decision signifies Apple’s foray into the virtual reality industry and positions Vision Pro as a rival to Meta’s (previously Facebook) Meta Quest headset.
Victoria Virtual Reality Metaverse Operated by VR Token
The Victoria VR metaverse is driven by the VR token, an Ethereum-based digital currency that adheres to the ERC-20 standard.
Participants who actively use and hold the VR token will receive rewards. Half of the revenue gained from selling in-game assets will be awarded to these participants.
The market capitalization of the VR coin is currently $103 million, and its value has increased by almost 60% in the past 24 hours, according to statistics from CoinMarketCap.
Victoria VR seeks to establish a welcoming atmosphere that may be enjoyed by all participants.
The initiative focuses on a “pay-to-speed” strategy instead of a “pay-to-win” one, guaranteeing that users can acquire VR tokens only by taking part in the metaverse.
This release occurs when there is growing interest in the metaverse, with technology companies investigating possibilities in this area.
Through the integration of blockchain technology and virtual reality, Victoria VR seeks to provide a distinct and captivating metaverse encounter on the Apple Vision Pro headset.
As the metaverse keeps progressing and gaining interest, the launch of the Victoria VR metaverse software on Apple Vision Pro could be a noteworthy advancement in the combination of blockchain with VR.
Meta’s Virtual Reality Labs Records A loss of $4.6 billion
Meta’s subsidiary, Reality Labs, which specializes in metaverse development, reported a substantial operating loss of more than $4.6 billion in Q4 2023.
In its Q4 report, published on February 1, Meta disclosed that Reality Labs had a loss of $4.65 billion, despite earning sales of around $1.1 billion.
This financial loss represents the worst loss in a quarter for Reality Labs since Meta started including the division’s financial information in its reports in the fourth quarter of 2020.
In 2023, Reality Labs’ overall earnings reached about $1.9 billion, with over half of the yearly revenue being made in the last quarter. This growth was mainly influenced by the launch of Meta Quest 3.
The overall operating deficit for 2023 amounted to $16.1 billion, indicating a 17.5% rise compared to 2022.
The concept of the metaverse has been a subject of heated discussion in the technology industry, with several influential figures such as Bill Gates voicing a cautious perspective.
The pessimistic view of the metaverse is not completely unusual, especially considering that many strong proponents of the concept have recently scaled back their aspirations.
Firstly, Disney, a major entertainment company, declared last year that it is getting rid of its metaverse department as part of wider job cuts that will affect up to 7,000 workers.
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