We’ve seen a lot of narratives in the crypto market this year. By this we mean crypto tokens driven by trends in a particular industry. At the beginning of the year, there was the artificial intelligence narrative still underway. Recently, there was the Chinese narrative that we have covered extensively. However, the latest narrative has been fired by Apple. The iPhone manufacturer announced the launch of the highly anticipated AR/VR headset on June 5. There is a lot of activity in this regard, especially in the crypto community. There are many cryptocurrencies that attract attention in this respect. Here are the coins that attracted attention after Apple’s launch, according to analysts.
Did the Apple launch help Render (RNDR)?
Some of the features of the new set include eye and hand tracking, an operating system called xrOS for FaceTime conversations, reading books from Apple Books, playing games and an additional battery pack. That, and the $3,000 price tag, indicate that Apple is making a significant effort to increase its influence in the metaverse. Interestingly, this set has triggered a new wave of growth for some crypto projects. Render Protocol’s RNDR token surged 8 percent after news that Apple would launch an XR headset. Apple’s AR/VR headset will trigger demand for Render’s decentralized GPU solution. Investors had already started placing their bets on RNDR before the launch on June 5th.
Render was launched in April 2017, as we have also reported as Kriptokoin.com. The project allows users to contribute spare GPU power for rendering visual effects, motion graphics and visual effects. Render works similarly to Airbnb, where people rent out their spare rooms. This time, however, users will rent their spare GPUs in exchange for Render’s native token, RNDR. RNDR plays a big role within the Render network. It is used as a payment method for the following transactions:
- Motion graphics.
- Animation.
- VFX processing on the network.
Other altcoins may also be affected by the launch
Namely, Render provides a peer-to-peer service that allows companies and regular users to access unused compute resources to help render and stream 3D environments. With the launch of Apple’s VR headset on June 5th, there will be a huge demand for GPU rendering offered by the Render Network. This also means that the RNDR token has a promising future. Render recently released OctaneX on MI and M2 iPads. This has led to speculation that the creators of the new VR headsets could use the Render network. OctaneX provides photo-realistic 3D rendering on M1 and M2 iPads. Render’s relationship with Apple could be a big reason for the token’s rise.
Besides Render Protocol, there are other projects that could benefit from Apple’s VR, according to analyst Lawrence Mike Woriji. Let’s take a look at some of them.
- Decentraland: Decentraland is one of the largest metaverse projects. The Ethereum-based project offers a platform where people can buy and sell digital real estate. Decentraland is still developing its VR capabilities. There is a possibility that MANA will see a huge increase in price following its launch.
- Wilder World: Wilder World is an immersive art gallery or marketplace. Interestingly, Wilder World is one of those metaverse projects that pumped ahead of Apple’s big announcement.
- Vulcan Forged: Vulcan Forged is an NFT game studio, marketplace and dApp incubator. There are about 10 games in the ecosystem. Vulcan Forged is based on the Ethereum Blockchain. In addition, the project rewards players with their native PYR token. You can use PYR to pay fees and perform other operations in the game.
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