Metaverse technology is about to get a new boost in 2024, riding on the back of Apple's innovation.
According to recent reports, the world of virtual reality is set to get its first blockchain-based metaverse on Apple's Vision Pro headset.
Victoria VR, a crypto-VR integration company just announced on Friday, that it is working on releasing a first-of-its-kind metaverse app on the much anticipated Apple device.
The metaverse has turned out to be one of the biggest buzzwords in the crypto space in the last three years.
We can see depictions of this metaverse technology in bits of pop culture like the movie, Ready Player One and the game, Fortnite.
The blockchain metaverse, on the other hand, is a metaverse much like the ones in Fortnite and Ready Player One, but with blockchain technology.
This means that it uses cryptography to secure transactions and data, allowing users more control over their digital assets and identities.
Victoria VR, according to a new announcement, aims to leverage blockchain technology to combine these two tech niches using photogrammetry.
To the unaware, photogrammetry is a technique in which real-world objects and environments are captured in 3D, and then used to create lifelike scenes and avatars.
According to the project's whitepaper, Victoria VR's merger with the Apple Vision Pro is set to launch the first metaverse app on the futuristic device.
This app will leverage blockchain technology and allow users to earn Victoria VR tokens ($VR) by exploring, creating, socializing and gaming in the metaverse
The tokens will be "pay-to-speed" rather than "pay-to-win," according to the project's white paper. This means that users will be able to spend the tokens to improve their experience, but not to unfairly gain an edge over other players.
The metaverse is closer than you think.
Apple's Vision Pro is expected to hit market shelves in the second quarter of this year and is arguably the most anticipated gadget of 2024.
To deliver a premium and immersive VR experience, the headset will feature several cutting-edge technologies like haptic feedback, spatial audio, eye tracking, and hand tracking.
The combination of Victoria VR's app and this headset will give users of the device a chance to explore the new VR world that is powered almost entirely by crypto.
The new app will also highlight the advantages of combining blockchain technology with virtual reality, including improved ownership, realism, engagement, and security.
The VR token, which has already increased in value by 20% in the last day, is set to rally strongly when this launch comes, as the next section will show.
Victoria VR's native cryptocurrency ($VR) has spiked strongly over the last day, as shown below:
VR spiked by as much as 35% over the last day but has normalized to about 23% as shown by the snapshot above.
This intra-day spike in the price of VR, along with the 40% increase in trading volume over the last day, indicates a great deal of investor interest.
According to the charts, VR crashed terribly during the heat of the last bear market but is now doing a very good job at bouncing back, particularly this week.
VR used to trade at an all-time high of $0.7 in December 2021 but declined heavily to as low as $0.0044.
At the time of writing, VR has moved up by nearly 2000% from its bear market crash, indicating that its investors are back in business.
The zoomed-out chart above indicates that after a brief consolidation above the $0.0186 zone, VR entered this parabolic rally and is now testing resistance at around $0.045.
The bulls only need to keep pushing VR further upwards to complete another 35% rally, straight up to $0.052.
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