In a significant turn of events for the cryptocurrency market and Web3 industry, Victoria VR (VR), a leading virtual reality developer, has seen the price of its VR token soar by an impressive 58.21% in the last 24 hours, now valued at $0.05342. This surge has catapulted the 24-hour market capitalization of the VR token by 359.04%, positioning it at $9,855,406.
The overall market cap has also seen a notable increase of 58.04%, now standing at $149,752,958, making Victoria VR the 279th largest cryptocurrency by market cap. This remarkable price increase follows the announcement of the CQB Arena, a cutting-edge multi-level gun battle simulation and training arena designed for virtual reality.
CQB Arena, now available on App Lab and SideQuest, offers players an immersive close-quarters battle experience. Drawing inspiration from real-life CQB scenarios, the game challenges players to clear buildings, eliminate threats, and rescue hostages, with each level presenting unique challenges to test their skills. The game boasts a wide range of weaponry, including rifles with multiple modifications, allowing for a highly customizable combat experience.
Making Significant Strides in Web3
Adding to the excitement, Victoria VR recently revealed plans to launch the first-ever Metaverse application on the Apple Vision Pro. Apple, which unveiled the Apple Vision Pro on February 2nd, will see the Victoria VR app go live in the second quarter of 2024. Victoria VR’s Metaverse, built on Unreal Engine, promises an unparalleled virtual reality experience where users can trade and own virtual lands as NFTs, setting a new standard for immersive and interactive virtual environments.
The upcoming Web3 application on Apple Vision Pro is set to transport users to a virtual world inspired by the five elements of nature, offering a rich tapestry of entertainment, exploration, and educational opportunities within the Metaverse. The in-app economy is powered by the VR token, which not only facilitates transactions within the digital universe but also rewards users for contributions that enhance the virtual ecosystem.
The VR token, launched via KuCoin’s platform, witnessed one of the most successful debuts in the platform’s history. On its first trading day, the token’s volume exceeded $100M, with its value increasing by 212 times within the first month. As the primary currency within the Victoria VR universe, the VR token enables the purchase of items, resources, skins, wearables, and lands. Additionally, 50% of revenue from in-game asset sales is reinvested into a rewards pool, benefiting stakers and active participants in the Metaverse.
Victoria VR’s recent developments represent a significant milestone in the evolution of virtual reality and blockchain technology, merging immersive gaming experiences with the burgeoning world of digital assets and cryptocurrencies. As Victoria VR continues to innovate and expand its offerings, the VR token’s value and the company’s market position are likely to see further growth, reshaping the landscape of the virtual reality and cryptocurrency markets.
