• Apple is set to release a mixed-reality headset, which could potentially breathe new life into the metaverse industry.
• Rumors of the headset’s imminent release caused native tokens of blockchain-based metaverse projects Decentraland MANA and Sandbox SAND to surge in price earlier this year.
• According to eToro market analyst Josh Gilbert, while the headset’s launch could be a game changer for the metaverse industry, widespread uptake amongst everyday users will likely determine its success.
Apple’s Mixed Reality Headset
Apple is about to launch its highly anticipated mixed-reality headset in the upcoming weeks, which has sparked speculation that it will give a boost to the metaverse industry. In January, when rumors first began circulating about the headset’s potential release, Decentraland MANA and Sandbox SAND’s native tokens experienced significant price surges as investors speculated on their possible performance.
eToro market analyst Josh Gilbert believes that Apple’s ‘track record of delivering high quality products means that its venture into mixed reality could really set markets ablaze’. However he notes that there is still some way to go before a fully immersive metaverse experience can be realised – much like with the initial launch of the iPhone and apps not being available until later on – and so widespread uptake amongst everyday users will ultimately determine how successful it is.
Udi Wertheimer’s Comments
Independent developer Udi Wertheimer tweeted back in May about how ‘metaverse shitcoins are going to pump so hard it’s not even funny’ when Apple releases its new headset in 3 weeks time. He pointed out that while cryptocurrency influencers were pushing memecoins instead, those investing in metaverse tokens would likely benefit more from Apple’s announcement than anyone else.
Potential Impact of Release
The potential impact of Apple releasing its mixed reality headset cannot be underestimated; it could open up numerous opportunities for developers and users alike within virtual worlds and gaming environments as well as other areas such as entertainment or shopping experiences. While some may see this as an opportunity for investment, others are simply excited at what these virtual worlds may offer them beyond just financial gain.