Victoria VR, the crypto-meets-virtual reality developer, creates first Metaverse app on the Apple headset, “Vision Pro,” from a blockchain-related company.
TakeAway Points:
- Victoria VR creates the first Metaverse app on Apple Vision Pro.
- The project consists of hyper-realistic graphics and immersive gameplay that will enhance the Vision Pro.
- Victoria VR’s metaverse runs on its own VR token, based on Ethereum, under the blockchain’s ERC-20 standard.
- Users are to expect the app on Vision Pro by the second quarter of the year.
Victoria VR Metaverse app
Victoria VR is working on a project to release the first Metaverse app for Vision Pro. The project consists of “ultra-realistic graphics and immersive gameplay,” which will enhance Vision Pro’s technologies, the company said in a statement on Friday.
“It forms an elaborate digital environment that shows off the many capabilities of the Apple Vision Pro while simultaneously showcasing the power of Web3 technology,”
the report states.
Users are to expect the app on Vision Pro by the second quarter of the year.
The VR currency of Victoria VR, which adheres to the ERC-20 standard of the blockchain and is based on Ethereum, powers the metaverse.
According to the company, this currency will reward its stakeholders and engaged users. Stakers and active metaverse users will get half of the money made from the sale of in-game assets.
“Victoria VR’s in-app economy is fueled by the VR token, used to incentivize activities that enhance the virtual environment for the benefit of all participants,”
according to the press statement.
VR Token Price Increases
However, according to CoinMarketCap data, the VR token has increased to nearly 60% in the last 24 hours and $103 million in market cap.
Moreover, “We want Victoria VR to be accessible to all, and so citizens will be able to earn Victoria VR by simply taking part in the world. It will be “pay-to-speed,” not “pay-to-win.” the white paper reads.
“These ERC20 tokens will be our primary source of generating revenue during the start of the project,” the report added.
