Apple plans to release its highly anticipated mixed reality headset in the coming weeks, a development that some believe could breathe new life into the metaverse industry.
In January, the native token of the blockchain-based metaverse project Decentraland and sandbox. Witnessed a massive price hike, partly due to rumors swirling about Apple's foray into mixed reality. Indie developer Udi Wertheimer pointed to this trend in a May 15 tweet in which he spoke of the upcoming release as a potential driver of metaverse token prices in a sarcastic comment on the absurdity of influencer-driven memecoins force.
In a conversation with Cointelegraph, eToro market analyst Josh Gilbert believes that the new headset will ignite the market, thanks in large part to Apple's ability to deliver a high-quality, market-changing product, saying: "When Apple does it, they usually do it right. That being said, the analyst is skeptical that the launch of the new headset will be a "pivotal moment" to revive the Metaverse-related cryptocurrency.
It's also worth noting that while many cryptocurrency market participants immediately associate the concept of virtual reality with a “metaverse token,” Decentraland is still in the process of building out its VR capabilities, with The Sandbox previously telling Cointelegraph that it “hasn't Near -term or future plans" to build virtual reality.
Speaking of which, Gilbert, like many others, noted that a fully immersive Metaverse experience is likely "a long way off," especially given the iPhone's initial release and the availability of apps to fully exploit the hardware's potential. when the gap between.
In his opinion, the performance of Metaverse tokens like MANA and Sandbox, Tokens will be more dependent on widespread acceptance of the Metaverse by everyday users. "The bottom line is that we're still very early in the Metaverse world, and their performance in the future will depend a lot on how popular the Metaverse is. The Metaverse and its associated cryptocurrencies, including MANA and SAND, are hugely popular during the 2021 crypto bull run, as countless projects backed by seemingly bottomless venture capital funds promise breakthroughs for users immersive virtual world.
Unfortunately, many of them including Mark Zuckerberg's Meta, which is spending $13.7 billion on research and development through 2022 have yet to see widespread adoption among everyday users. According to CoinGecko, the prices of MANA and SAND are down 92% and 94%, respectively, from their all-time highs at the time of writing, both reached on November 25, 2021.
The California-based tech giant's new headphones will be unveiled on June 5, marking the first major product announcement since the Apple Watch in 2015, according to a report from Apple product fortuneteller Mark Gurhman.
