In a recent statement, Meta Chief Executive Officer (CEO) Mark Zuckerberg announced that the company's virtual reality (VR) headset, Oculus Quest, eclipses the recently launched Apple Vision Pro.
While Zuckerberg's support intensifies the current VR rivalry between the two tech giants, it also raises the question of which VR technology would significantly contribute to the crypto space by promotion of adoption.
Virtual reality (VR) showdown between Meta and Apple
The development and introduction of Virtual reality have effectively contributed to the advancement of cryptocurrencies and technology-and-crypto-influence/” target=”_blank” rel=”noopener nofollow”>block chain technologywhich offers an immersive virtual environment to encourage blockchain interactions and crypto transactions.
As a result, prominent technology players such as Apple and Meta have been actively working to create the best virtual reality technologies to improve virtual world experiences.
Today, February 14, Zuckerberg aware a video on its official Instagram account, revealing that Meta's virtual reality headset, Oculus Quest, was superior to the Apple Vision Pro. Meta's CEO conducted tests comparing the weight, display and functionality of the two headsets.
According to Zuckerberg, the Apple Vision Pro weighs 120 grams more than the Quest and has a narrower field of view due to the lack of a wired battery. In early February 2023, Meta's CEO also criticized Apple's VR headset, citing higher costs and higher power requirements compared to Meta's headset.
Despite the tech CEO's judgment, whether advances in Oculus could impact cryptocurrency adoption more than the Apple Vision Pro is essential for the nascent sector. Recognizing the potential benefits that virtual reality could bring to the crypto space, the development of robust virtual reality headsets could further strengthen the crypto industry, presenting opportunities for crypto-adoption-to-send-market-cap-to-10-trillion/” target=”_blank” rel=”noopener nofollow”>widespread cryptocurrency adoption and blockchain technology.
Convergence of virtual reality and cryptocurrencies
The dynamic world of Virtual Reality has become an innovative space for developers to explore new ways to merge immersive VR experiences with the decentralized capabilities of blockchain.. In this sense, virtual reality headsets like Oculus Quest, with their growing popularity, have become a favorite technology for cryptocurrency and blockchain companies.
Currently, virtual reality platforms like Somnium Space support Meta's VR headsets. This virtual reality platform offers a blockchain-based economy where users can buy virtual landexplore an immersive virtual environment and contribute to the growth and adoption of blockchain technology.
Additionally, apps like VRChat, a growing hub for crypto and Non-fungible token (nft) communities, demonstrate compatibility with Meta's VR headsets, highlighting a wide range of use cases within the crypto space.
The exact number of crypto-focused apps and projects in the growing VR ecosystem remains variable due to the continued evolution of the VR landscape. Still, the Meta product has a clear advantage over Apple and other competitors.
In the long term, Zuckerberg hopes that his product and its “open model” can retain its advantage over Apple and its “near model.”
Cover image from Shutterstock, chart from Tradingview
