Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry.
In January, the native tokens of blockchain-based metaverse projects Decentraland witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed reality.
This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven meme coins, spoke of the upcoming release as a potential driver of metaverse token prices.
In conversation with Cointelegraph, eToro market analyst Josh Gilbert believes the new headset will set the markets ablaze, owing in large part to Apple’s proven ability to deliver high-quality, market-shifting products, stating:
“When Apple does it, they usually do it right.”
That being said, the analyst cast some doubts that the launch of the new headset will be the “crucial moment” that would revive metaverse-related cryptocurrencies.
It’s also worth mentioning that while many crypto market participants immediately correlate the concept of virtual reality with “metaverse tokens,” Decentraland is still in the process of building out its VR capabilities and The Sandbox previously told Cointelegraph it has “no immediate or future plans” to build out VR.