Apple's highly anticipated headset Vision Pro partners with Victoria VR for a metaverse app, showcasing ultra-realistic graphics, releasing in Q2 2024. 

The Victoria VR metaverse app, powered by the VR token, an Ethereum-based cryptocurrency, rewards active users and stakers with revenue from in-game asset sales. 

This move marks Apple's entry into the virtual reality ecosystem, positioning Vision Pro as a competitor to Meta's (formerly Facebook) Meta Quest headset. 

The VR token's market cap stands at $103 million, surging nearly 60% in the last 24 hours, emphasizing inclusivity with a "pay-to-speed" model in the metaverse project. 

Combining blockchain technology with virtual reality, Victoria VR aims to offer a unique and engaging metaverse experience on the Apple Vision Pro headset, coinciding with rising interest in the metaverse space. 

Meta's Reality Labs, focusing on metaverse development, records a significant operating loss of over $4.6 billion in Q4 2023, while generating nearly $1.1 billion in revenue.

In 2023, Reality Labs' total revenues amounted to just under $1.9 billion, with a total operating loss reaching $16.1 billion, reflecting a 17.5% YoY increase from 2022. 

The metaverse has been a topic of intense debate, with Meta's Reality Labs facing challenges and industry leaders expressing varied outlooks on the future of the metaverse. 

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