Apple is reportedly working on a metaverse crypto. This could change the way AR/MR headsets work. However, it could also be used to surveil users. Apple is constantly exploring new technologies. This might be the case with metaverse crypto. If this is the case, then it is highly likely that Apple is actively researching the subject.
Apple is working on a metaverse cryptocurrency
The news that Apple is working on a metaversecryptocurrency has many speculators excited. Apple is a leader in smart technology and has a long history of supporting innovative projects. Its recent investment in Meta Platforms shows that it recognizes the huge potential of the metaverse market. Recently, Goldman Sachs estimated that the market for the metaverse is worth $8 trillion.
With 20 percent of the global market for smartphones, Apple is well positioned to create a massive user base. The company has over 900 million iPhone users, including 70 percent of young adults in the US. In addition, the company recently unveiled the latest iPhone with better hardware and augmented reality. With a new device like the iPhone X, Apple has a ready-made user base.
Tim Cook, the CEO of Apple, said that the metaverse has a lot of potential. He said that the exuberant expansion of the technology is “very interesting.” He was asked about Apple’s plans for the metaverse during the company’s Q1 2022 earnings call. In his response, Cook said, “I’m excited to see what the metaverse can do.” While he didn’t give an exact timeline, he said that the company is making investments in the metaverse space.
It could be a game-changer in the AR/MR headset industry
Apple’s recent investment in Metaverse crypto could be the beginning of the next phase of the AR/MR headset industry. The company already has a beta version of its metaverse, which allows users to interact using avatars within the virtual world. Other companies, including Microsoft, have jumped into the fray with their own offerings.
The company has been filing patents for decades and has been acquiring several companies with XR expertise. The company plans to release its consumer mixed reality headset sometime in 2023. It has also made several acquisitions in this space, including Akonia Holographics, PrimeSense and Vrvana. The company has also hired XR experts.
Metaverse crypto could have a wide range of applications, from gaming to healthcare. It could even be used to help people with disabilities. While this technology is still in its early stages, it has the potential to improve lives in all aspects of society, including education, healthcare, entertainment, civic and social life.
It could be used to surveil users
The company is under pressure to stop using the term “metaverse” because it might cause privacy problems. Apple has been spending a lot of R&D money on mixed reality projects, and it likely has the most engineers working on them. However, the company also wants to differentiate its AR experiences from the Metaverse.
Metaverse is a virtual world that can be accessed on computers and mobile devices. It is highly valued, and it is considered to be the future of the digital economy, which is the primary growth engine of the global economy. It is also being seen as the future of gaming, fashion, and education.
Using this technology to monitor people’s behavior could also create a new era of surveillance. It would allow marketers to target advertisements based on the user’s IP address, biological data, or shopping preferences. For instance, they could pay for facial expressions captured while a user is shopping at a Metaverse shopping mall.
It could be a new world order
Apple has been involved in the creation of web standards, and it has partnered with Pixar and Adobe to develop the USDZ file format. The chip maker Nvidia has also been involved, and its executive director Neil Trevett has led the Metaverse Standards Forum, which aims to facilitate communication between various companies and standards bodies. The goal is to achieve real-world interoperability.
The Metaverse concept is currently in a very early stage, and the pitches are anything but certain. The original pitch, for instance, depicted a young woman scrolling through Instagram when she notices a video of a concert happening halfway around the world. The idea behind the technology sounds fantastic and exciting, but the details are unclear. In addition to combining physical and virtual worlds, there is the possibility that Metaverse could eventually become the basis of a new world order.
Apple’s AirPods and AR glasses are positioned to drive innovation in the metaverse. These wearable devices will be the first major gateways into the metaverse. They will be the first devices outside of the video games industry to do so. The higher-end AirPods will also feature micro-cameras, enabling new visual experiences.