Apple’s New Headset Could Skyrocket Metaverse Tokens

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Apple's New Headset Could Skyrocket Metaverse Tokens

Apple is expected to release its much-anticipated mixed reality headset in the coming weeks, a development some believe could breathe new life into the Metaverse industry.

In January, the native tokens of the blockchain-based Metaverse project Decentraland (MANA) and sand box (SAND) was a witness significant price increaseswhich is partly due to the rumors brewing about Apple’s foray into mixed reality.

This trend was pointed out in a May 15 tweet by independent developer Udi Wertheimer, who slyly commented on the absurdity of Influencer-driven memecoinsspoke of the upcoming release as a potential driver for Metaverse token prices.

Speaking to Cointelegraph, eToro market analyst Josh Gilbert believes the new headset will rock markets, in large part due to Apple’s proven ability to deliver high-quality, market-changing products, stating:

“When Apple does it, they usually do it right.”

However, the analyst expressed some doubts that the launch of the new headset will be the “defining moment” that would revitalize Metaverse-related cryptocurrencies.

It’s also worth noting that while many crypto market participants immediately associate the concept of virtual reality with “metaverse tokens,” Decentraland is still in the process of expanding its VR capabilities and The Sandbox previously informed Cointelegraph that this was the case “No immediate or future plans” to build VR.

On this point, Gilbert, like many others, notes that a fully immersive Metaverse experience is probably still a long way off, especially given the gap between the iPhone’s initial launch and the availability of apps that fully exploit the hardware’s potential.

In his view, the power of metaverse tokens like MANA and Sandbox’s SAND The token will be more dependent on widespread adoption of the metaverse by everyday users.

“The bottom line is that we are still very much at the beginning of the Metaverse world and its performance going forward will depend heavily on the Metaverse’s popularity.

The Metaverse and associated cryptocurrencies, including MANA and SAND exploded in popularity During the 2021 crypto bull run, projects have been plentiful – supported by seemingly bottomless ones War chests full of venture capital – promised to create groundbreaking immersive virtual worlds for users.

Related: Epic CEO scoffs at ‘Metaverse is dead’ notion – 600M coming as ‘successor’

Unfortunately, many of these companies — including Mark Zuckerberg’s meta — have done so $13.7 billion burned Research and development in 2022 – has yet to see widespread acceptance among everyday users.

All-time price chart of Sandbox (SAND) token. Source: CoinGecko

According to data from CoinGecko, at the time of writing, MANA and SAND prices are down 92% and 94%, respectively, from their all-time highs, both set on November 25, 2021.

according to a report According to Apple product fortune teller Mark Gurhman, the California tech giant’s new headset is set to launch on June 5, marking its first major product release since the Apple Watch in 2015.

Concept rendering of Apple’s rumored mixed reality headset. Source: Antonio De Rosa

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