Apple’s Purported Mixed Reality Headset
The company is expected to unveil the Apple Reality Pro mixed reality (MR) headset in the coming weeks. While the Cupertino company has yet to make an official announcement regarding such a wearable, a developer has claimed that the alleged device could cause the value of metaverse-related tokens to increase exponentially in the coming weeks. Recent reports indicate that Apple will launch the Reality Pro headset at the Worldwide Developers Conference (WWDC) which kicks off on June 5.
Apple is ready to release a mixed-reality headset in three weeks. Metaverse coins will be pumping so hard that it's not even funny, said blockchain developer Udi Wertheimer in a tweet. It should be noted that Wertheimer is not the first to predict the arrival of the alleged Apple headset. Bloomberg's Mark Gorman, TF Securities analyst Ming-Chi Kuo, and other tipsters have been revealing several details about the mixed reality wearable for several months, including its scheduled arrival at WWDC 2023.
Metaverse technology is the latest addition to the online gaming ecosystem and can benefit from development in the MR, Virtual Reality (VR), and Augmented Reality (AR) sectors. As a virtual universe built on decentralized blockchain networks, the metaverse will allow people to exist in a parallel universe. The original inhabitants of the Metaverse will be able to meet, work, party, and play in the virtual world as digital avatars.
Currently, some of the popular brands working on metaverse offerings include Decentraland and The Sandbox, both of which offer native crypto tokens — MANA and SAND, respectively. On Tuesday, SAND was down 2.36% to trade at $0.5007 (roughly Rs. 41) while MANA was trading at $0.4701 (roughly Rs. 38), according to data from CoinMarketCap.
According to SoftwareTestingHelp, there are currently over 237 cryptocurrencies listed as "metaverse tokens". These alt-currencies allow metaverse users - particularly the gaming community - to make in-game purchases and participate in trades. The market opportunity for the metaverse could reach $800 billion (roughly Rs. 59,58,700 crores) in the next two years, according to research reports.
With the arrival of Apple's alleged MR headphones, the price of the metaverse tokens could skyrocket, according to Wertheimer. It should be noted that this is a situation that can be exploited by scammers or hackers to prey on unsuspecting victims with malicious malware projects or rug-pulling schemes.
Meanwhile, other tech companies are also developing metaverse technology, including Facebook's parent company Meta. In 2021, Mark Zuckerberg rebranded his social networking company Facebook to a more metaverse-focused name, Meta.
Despite Zuckerberg's claim that the technology will be mainstream in five to 10 years, Meta Reality Labs unit posted its biggest quarterly loss, which came in at $4.3 billion (roughly 35,222 crores). Rs) between September and December last year, and the company has cut prices recently. from the Meta Quest Pro and Quest 2 headsets in some regions after experiencing a drop in revenue from the Reality Labs unit.