The Next Big Thing: Apple Vision Pro's Blockchain-Based Metaverse Game Launches?
An new metaverse app for Apple's much awaited Vision Pro headset is coming from a blockchain-related startup. Victoria VR is a crypto-meets-virtual-reality (VR) developer that hopes to enhance the cutting-edge technology of the Apple headset by providing an immersive metaverse experience with ultra-realistic graphics. The second quarter of this year is when the app is supposed to launch. According to a statement issued by the firm, the Victoria VR metaverse app will highlight the potential of Web3 technology and highlight the possibilities of the Apple Vision Pro. Apple has entered the virtual reality space with this move, positioning Vision Pro as a rival to Meta's (formerly Facebook) Meta Quest headgear.
Victoria VR Metaverse Powered by VR Token
The VR token, an Ethereum-based cryptocurrency compliant with ERC-20 standards, powers the Victoria VR metaverse. Half of the proceeds from the sale of in-game assets will be transferred to active users and VR token holders as a way of rewarding them. According to CoinMarketCap data, the VR token's market capitalization is $103 million, and in the past day, its value has increased by almost 60%. Victoria VR wants to establish a welcoming atmosphere that is available to all users. The initiative places more emphasis on a "pay-to-speed" strategy than a "pay-to-win" one, making it possible for users to gain VR tokens just by taking part in the metaverse. This debut coincides with a growing wave of interest in the metaverse from tech giants, who are investigating
Meta’s Reality Labs Records $4.6 Billion in Loss
The metaverse development arm of Meta, Reality Labs, reported a large operating loss of more than $4.6 billion during the fourth quarter of 2023. Meta said in its fourth-quarter report, which was made public on February 1, that Reality Labs lost $4.65 billion in Q4 despite making close to $1.1 billion in revenue. As of the fourth quarter of 2020, when Meta started included the division's financials in its reporting, this operational deficit is Reality Labs' greatest quarterly loss. With the introduction of Meta Quest 3, which accounted for over half of the company's sales in the fourth quarter of 2023, Reality Labs' overall revenue for the year came in just under $1.9 billion. In 2023, the overall operating deficit amounted to $16.1.
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