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

Apple’s extremely prepared for headset Vision Pro has an approaching metaverseapp from a blockchain-related business.

Victoria VR, a crypto-meets-virtual truth (VR) designer, goals to use an immersive metaverse experience with ultra-realistic graphics, matching the sophisticated innovations of the Apple headset.

The app is set up for release in the 2nd quarter of this year.

The Victoria VR metaverse app will display the abilities of the Apple Vision Pro while showing the power of Web3 innovation, according to a declaration launched by the business.

The relocation marks Apple’s entry into the virtual truth community and positions Vision Pro as a rival to Meta’s (previously Facebook) Meta Quest headset.

Victoria VR Metaverse Powered by VR Token

The Victoria VR metaverse is powered by the VR token, an Ethereum-based cryptocurrency following the ERC-20 requirement.

Active users and stakers of the VR token will be rewarded, with half of the earnings produced from in-game property sales being rearranged to these individuals.

The VR token’s market cap stands at $103 million, and its worth has actually risen by almost 60% in the last 24 hours, based on information from CoinMarketCap.

Victoria VR intends to develop an inclusive environment available to all individuals.

The job highlights a “pay-to-speed” technique instead of a “pay-to-win” design, guaranteeing that users can make VR tokens merely by taking part in the metaverse.

This launch comes at a time when interest in the metaverse has actually been getting momentum, with tech business checking out chances in the area.

By integrating blockchain innovation with virtual truth, Victoria VR intends to provide a distinct and appealing metaverse experience on the Apple Vision Pro headset.

As the metaverse continues to develop and draw in attention, the release of the Victoria VR metaverse app on Apple Vision Pro might be a substantial advancement in the crossway of blockchain and VR.

Meta’s Reality Labs Records $4.6 Billion in Loss

Meta subsidiary Reality Labs, which concentrates on the advancement of the metaverse, taped a considerable running loss of over $4.6 billionin the 4th quarter of 2023.

In its fourth-quarter report, launched on February 1, Meta exposed that Reality Labs reported a loss of $4.65 billion throughout Q4, while producing almost $1.1 billion in earnings.

This operating loss marks the biggest quarterly loss for Reality Labs considering that Meta started consisting of the department’s financials in its reporting throughout the 4th quarter of 2020.

In 2023, Reality Labs’ overall incomes totaled up to simply under $1.9 billion, with majority of the yearly earnings created in the 4th quarter, mostly driven by the release of the Meta Quest 3.

The overall operating loss for 2023 reached $16.1 billion, representing a 17.5% year-on-year boost from 2022.

The metaverse has actually been a subject of extreme argument in the tech world, with some market leaders like Bill Gates revealing a lukewarm outlook.

The dismal outlook concerning the metaverse is not completely out of the standard, especially considering that numerous huge advocates of the concept have actually just recently pulled back from their aspirations.

For one, home entertainment giant Disney revealed in 2015 that it is removing its metaverse department as part of more comprehensive layoffs that will affect as lots of as 7,000 staff members.