Apple’s “Vision Pro” to release first crypto asset metaverse app ─ Victoria VR is developing | CoinDesk JAPAN

Victoria VR, a development company aiming to fuse crypto assets (virtual currency) and virtual reality (VR), announced that it is working to release the first Metaverse app by a blockchain-related company on Apple’s Vision Pro headset. .

Victoria VR said in a statement on Wednesday that the project’s Metaverse consists of “hyper-realistic graphics and immersive gameplay” that can complement Vision Pro’s technology.

The app is scheduled to launch in the second quarter of this year.

Victoria VR “forms an elaborate digital environment that showcases the power of Web3 technology while showing off the many features of Apple’s Vision Pro.”

Vision Pro is Apple’s first futuristic headset that was released on February 2nd and has been creating a lot of buzz. This product marks Apple’s foray into the virtual reality ecosystem. While interest in the Metaverse is waning, it’s not the first time a tech giant has ventured into VR. The Vision Pro will compete with the Meta Quest headset already sold by tech giant Meta (formerly Facebook).

VR tokens soar

Victoria VR’s metaverse uses VR tokens and rewards active users and those who stake. VR tokens are created using the ERC-20 standard of the Ethereum blockchain.

Half of the revenue generated from the sale of in-game assets will be redistributed to stakers and active users of the Metaverse.

According to a press release, “Victoria VR’s in-app economy is powered by VR tokens, which are used to incentivize activities that enhance the virtual environment for the benefit of all participants.”

According to data from CoinMarketCap, the VR token has soared nearly 60% in the past 24 hours, with a market capitalization of $103 million (approximately 14.935 billion yen, equivalent to 145 yen to the dollar).

According to a white paper posted on the project’s website, “We want to make Victoria VR available to everyone, so citizens can earn Victoria VR just by participating in this world. It is “pay-to-speed,” not “pay-to-win.”

“These ERC-20 tokens will be the main source of revenue at the start of the project,” the whitepaper says.

｜Translation and editing: Rinan Hayashi
｜Image: Apple
｜Original text: Apple’s ‘Vision Pro’ Set to Get First Crypto-Focused Metaverse App From Victoria VR