Apple’s highly-anticipated mixed-reality headset, set to be released in the near future, is generating excitement within the metaverse industry. Earlier this year, metaverse tokens experienced a surge in value fueled by rumors surrounding Apple’s venture into mixed reality.
In a recent tweet, independent developer Udi Wertheimer acknowledged this trend and hinted at the potential impact of Apple’s new headset on metaverse token prices. Market analyst Josh Gilbert from eToro also believes that the release of the headset will significantly influence the markets, citing Apple’s track record of delivering high-quality, game-changing products.
However, Gilbert remains cautious about labeling the headset’s launch as the “crucial moment” for metaverse-related cryptocurrencies. It’s important to note that the concept of virtual reality doesn’t necessarily correlate directly with metaverse tokens. Decentraland is still in the process of developing its VR capabilities, while The Sandbox has no immediate plans for VR integration.
Gilbert, along with other experts, acknowledges that a fully immersive metaverse experience is still a long way off, comparing it to the initial launch of the iPhone and the subsequent availability of apps that fully utilized its potential. The widespread adoption of the metaverse among everyday users will play a vital role in the performance of metaverse tokens like MANA and Sandbox’s token.
It’s worth noting that during the 2021 crypto bull run, the metaverse and associated cryptocurrencies, including MANA and SAND, gained immense popularity as numerous projects aimed to create revolutionary immersive virtual worlds with substantial venture capital backing.
According to a report by Apple insider Mark Gurhman, the tech giant’s new headset is expected to launch on June 5, marking Apple’s first major product release since the Apple Watch in 2015. As the launch date approaches, the industry eagerly awaits the impact of Apple’s entry into the metaverse space and its potential implications for metaverse tokens.