Excitement is mounting as Apple gears up to make its mark on the virtual reality landscape, a move heralded by renowned Twitter personality Udi Wertheimer. The tech community is abuzz with speculation that this launch could revolutionize the metaverse as we know it.
Early this year, the metaverse saw a surge in engagement, with blockchain-driven projects like Decentraland and Sandbox witnessing an uptick in their token values. Apple’s venture into mixed realities is poised to further propel this trend.
On May 15, Udi Wertheimer, an independent developer, took to Twitter to highlight the impact of social media on meme-based cryptocurrencies, hinting that Apple’s upcoming release could sway the metaverse token market. This tweet has significantly heightened anticipation for Apple’s speculated VR equipment.
Market analyst Josh Gilbert from eToro acknowledges the potential ripple effect Apple’s innovative device could have, given the company’s track record of pioneering products. Gilbert ponders if the introduction of the VR headset will be a defining moment for metaverse-centric digital currencies. It’s important to note the distinction between VR tokens and Metaverse tokens; while Decentraland is actively enhancing its VR features, Sandbox has no plans to integrate VR technology.
In related news, Apple has recently restricted the Uniswap wallet application on its platform.
Experts like Gilbert emphasize that crafting a fully immersive metaverse is an ambitious goal that will take time to realize. The trajectory of metaverse tokens such as MANA and Sandbox’s token is closely tied to the mainstream adoption rate of the metaverse, reminiscent of the gradual utilization of iPhone’s features following its initial release.
Despite significant R&D investments, companies like Meta (formerly Facebook) are still striving to gain broad acceptance for their immersive virtual environments, even though tokens like MANA and SAND experienced a sharp increase in value during the crypto boom of 2021.
Rumors from Apple analyst Mark Gurhman suggest that the tech behemoth is set to unveil its new headset on June 5. This launch is highly anticipated as it marks Apple’s first major product introduction since the Apple Watch in 2015.
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Meta has put a hold on the NFT functionality on Facebook and Instagram platforms.