Victoria VR Introduces Crypto-Focused Metaverse App on Apple's 'Vision Pro'

Jonathan Stoker Feb 02, 2024, 19:20pm 111 views

Victoria VR Introduces Crypto-Focused Metaverse App on Apple's 'Vision Pro'

Victoria VR, a company that combines cryptocurrency with virtual reality (VR), is reportedly in the process of launching the inaugural metaverse application from a blockchain-associated company on the Apple Vision Pro headset. The developers promise a metaverse filled with ultra-realistic graphics and immersive gameplay that will complement the capabilities of the Vision Pro technology.

Immersive Digital Environment to Showcase Web3 Technology

The app, scheduled for release in the second quarter of this fiscal year, is designed to create an intricate digital landscape that enhances the numerous features of the Apple Vision Pro while simultaneously highlighting the potential of Web3 technology. Apple's first ever futuristic headset, Vision Pro, was released on February 2nd, marking the tech company's maiden venture into the virtual reality ecosystem.

Even though interest in the metaverse has dwindled, Apple is not the first tech giant to venture into the VR industry. Vision Pro will indeed compete with the existing Meta Quest headset from Meta, formerly known as Facebook.

Victoria VR's Metaverse Driven by VR Token

The Victoria VR metaverse operates on its VR token, which is used to reward active users and stakers. This token is EthereumEthereum$2,315 -2.42%-based and adheres to the blockchain's ERC-20 standard. Furthermore, a significant portion of the revenue from in-game asset sales, approximately half, is set to be redistributed among active metaverse users and stakers.

According to the company's press release, the VR token is critical in fuelling Victoria VR's in-app economy. By facilitating activities that enhance the virtual environment, it aims to benefit all participants in the metaverse. The VR token has recently seen a surge of nearly 60% in the last 24 hours and now boasts a market cap of $103 million, as per data from CoinMarketCap.

Victoria VR to be Accessible to All

In a white paper available on the project's website, the project outlines its goal for Victoria VR to be universally accessible. Consequently, users will be able to earn Victoria VR simply by engaging with the virtual world, following a pay-to-speed rather than a pay-to-win model. The ERC20 Tokens will be the project's main revenue source at the outset.

Edited by Jonathan Stoker

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