Apple’s highly anticipated mixed-reality headset, the Apple View, is expected to hit the market soon, which could give a much-needed boost to the Metaverse industry. Although Apple has not yet announced an official launch date, many speculate that the headset may be unveiled in early June.
The impact of Apple’s entry into the Metaverse industry is not limited to the headset alone. Many experts predict that it could trigger a rally for metaverse tokens, similar to what happened in January when rumors about Apple’s initiative caused a surge in Decentraland (MANA) and The Sandbox (SAND).
Independent developer Udi Wertheimer highlighted this trend in a tweet on May 15. In a humorous dig at influencer-driven memecoins, Wertheimer suggested that the release of Apple’s headset could serve as a catalyst for metaverse token prices.
According to eToro market analyst Josh Gilbert, the release of Apple’s new headset could have a significant impact on the markets. Gilbert cited Apple’s track record of delivering high-quality, market-disrupting products, stating that “When Apple does it, they usually do it right.”
However, Gilbert also expressed some skepticism about whether the launch of the headset would be the “make or break” moment for metaverse-related cryptocurrencies.
It is important to note that while many people associate the concept of virtual reality with “metaverse tokens,” Decentraland is still in the process of developing its VR capabilities, and The Sandbox has stated that it has no immediate plans to build out VR.
Is Apple’s entry into the Metaverse industry going to be successful?
Apple has a reputation for delivering on its promises and revolutionizing the technological landscape. The iPhone, for instance, completely transformed the concept of a phone and set the standard for all subsequent devices. Given this track record, it is reasonable to expect that the new headset from Apple could redefine the possibilities of VR/AR devices.
However, there is also a chance that the initiative may not succeed, as many tech giants, including Meta, the parent company of Facebook, have failed to impress with their metaverse initiatives. Nevertheless, Apple’s brand recognition and reputation for innovation could result in a product that is well-received by the public and potentially drive up the value of metaverse tokens.