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News about Apple’s new mixed reality VR headset caused a spike in demand for Decentraland’s MANA token, and The Sandbox’s SAND token. Now, we know much more about Apple’s exciting new technology.
Apple appears to be preparing for its grand entrance to the metaverse. Bloomberg revealed details about Apple’s new mixed-reality VR headset, which may yet cause another ripple effect in the market.
Just days ago, news about Apple’s mixed reality VR headset caused the price of Decentraland’s MANA token to surge to $7.80USD. Additionally, SAND also shot up to $0.83USD on January 21st.
At present, the price of MANA is 4.70USD, which is a 135% increase in the last month. As for SAND, the price sits at 0.76USD – a 69% increase in the last month. However, new details about Apple’s VR headset show that the device is tailor made for the metaverse. As we foreshadowed in November, Apple is making moves to challenge Mark Zuckerberg’s Meta.
How the market will react to this latest reveal, only time will tell.
How Apple’s VR device works
Apple’s mixed reality headset will have an “iOS-like” interface that will include “many functions” available on the iPhone and iPad.
Additionally, we can look forward to eye and hand-tracking, with Apple using external cameras that can analyze a user’s hands and eyes. What is more, users will be able to control the headset by looking at on-screen items, and using gestures to activate the items. Hence, this ground-breaking technology will no longer rely on a physical controller.
Crucially, the headset will be able to switch between augmented reality (AR) and virtual reality (VR). Augmented reality will allow you to manipulate virtual objects onto the real world. Conversely, virtual reality will provide an entirely immersive, virtual environment.
Apple appears to be offering a direct challenge to Meta’s Quest headset. Much like Meta, Apple’s technology will focus on providing engaging video conferencing features. For example, the user can enjoy FaceTime-based video chatting capabilities and meeting rooms. Moreover, a user’s actual face and full body will be rendered in virtual reality for interactive meetings.
What this means for the metaverse
Following a trademark filed last August, we know that this headset will likely be branded ‘Apple Reality’. Furthermore, we can assume that Apple is locking horns with Meta in a titanic battle for metaverse supremacy.
Although Apple is coy on its plans, this revolutionary mixed-reality VR headset is highly revealing.
It doesn’t seem too far-fetched that Apple’s new headset could one day be paired with an expansive virtual world, such as Decentraland or The Sandbox.