Apple unveiled a new VR headset. The crypto market expects Metaverse tokens to rise, although Apple avoids the term “Metaverse” to describe the functionality of its device.
Apple presented a new virtual reality headset, Apple Vision Pro, at the Worldwide Developers Conference (WWDC). This event attracted the attention of the tech community. The headset will go on sale in the U.S. in early 2024 for $3,499 and then will appear in other countries.
Apple Vision Pro features capabilities for augmented and virtual reality. The headset is based on visionOS, the world’s first software interface for spatial computing. It allows users to interact with digital content as if it is physically present in the same space as them. For example, the headset will be used to view TikTok or Apple TV in virtual reality with other users.
So far, several relevant questions remain open about the functionality of the new device and the possibilities of its use. For instance, there’s no reliable information about whether Apple’s device will use WebXR or whether there will be developments of special apps of social networks for interaction in a virtual environment. And it also remains unknown how Apple plans to address potential health issues associated with the use of VR devices.
The announcement of the Apple Vision Pro headset raised some investors’ hopes for increased prices of Metaverse tokens, even though Apple marketers avoid this term. Instead, Apple is emphasizing the principle of “spatial computing.” According to them, the Apple Vision Pro headset is designed for short-term use in work, gaming, communication, and other areas.
However, the optimism of Metaverse token holders was dispelled by news of a new Securities and Exchange Commission (SEC) lawsuit against Binance, which involved some major gaming tokens. As a result, Metaverse token prices began to plummet. Thus, according to CoinMarketCap, as of 13:00 (GMT+3), June 6, SAND lost more than 15% of its value in the last 24 hours, while MANA and AXS prices dropped by 12% and 10%, respectively. The total market cap of Metaverse tokens dropped by 8.5% in the last 24 hours and stands at $12.6 billion.
Meta’s “virtual office of the future” for the Quest Pro headset, released in late 2022, failed and only brought the company a loss of $4.3 billion.
