Victoria VR, a developer merging cryptocurrency with virtual reality (VR), is in the works to launch the inaugural metaverse app from a blockchain-focused entity on Apple’s “Vision Pro” headset. The metaverse project promises hyper-realistic visuals and engaging gameplay, poised to complement the advanced features of the Vision Pro device, as announced by the company in a recent statement.
Scheduled for release in the second quarter of this year, the app aims to create an intricate digital realm showcasing the capabilities of Apple’s Vision Pro headset while highlighting the potential of Web3 technology, according to the announcement.
Apple’s much-anticipated debut in the VR realm with its futuristic headset, which hit shelves on February 2nd, marks its initial venture into the virtual reality domain. Despite waning interest in the metaverse concept, this move echoes previous endeavours by major tech players, with Vision Pro positioning itself as a competitor to Meta’s (formerly Facebook) established “Meta Quest” headset.
Victoria VR’s metaverse operates on its native VR token, designed to reward active users and stakeholders, utilising the Ethereum blockchain’s ERC-20 standard. A significant portion of revenue generated from in-game asset sales will be distributed among stakeholders and active participants in the metaverse ecosystem.
The VR token has experienced a notable surge of nearly 60% within the past 24 hours, boasting a market capitalization of $103 million, according to CoinMarketCap data. A white paper available on the project’s website outlines the aim to democratise access to Victoria VR, allowing citizens to earn VR tokens simply by engaging with the virtual world, emphasising a “pay-to-speed” model rather than a “pay-to-win” approach.
In the initial stages of the project, these ERC20 tokens are slated to serve as the primary revenue source, as articulated in the project’s white paper.