• Tokens in the metaverse soared on Monday as the ability to smell entered the Metaverse.
• This was followed by the Sandbox (SAND) which rose 14.34% to trade at $0.5189, Decentraland (MANA) was up 13.5% to $0.4 while ApeCoin climbed 11.5% to exchange hands at $4.67.
• According to a McKinsey & Company report, the success of the metaverse hinges on the development of human aspects of the virtual reality (VR) world that enhances user experience.
Monday marked a major milestone for the virtual world as the ability to smell entered the Metaverse. Tokens in the metaverse surged as a result, with Zilliqa price soaring as much as 50% leading the crypto gains at the start of the week. This was followed by the Sandbox (SAND) that rose 14.34% to trade at $0.5189, Decentraland (MANA) that was up 13.5% to $0.4 and ApeCoin that climbed 11.5% to exchange hands at $4.67.
The success of the metaverse depends on the development of human aspects of the virtual reality (VR) world that enhances user experience, according to a McKinsey & Company report. This was proved at the Consumer Electronics Show (CES) 2023 where several metaverse-focused companies showcased advancements in the virtual world. OVR Technology, one of the firms based in Vermont USA, showcased a VR headset with a container holding eight primary aromas that can be mixed together to create various scents. The virtual reality headset is set to be launched in the last quarter of 2023. The CEO of OVR Technology Aaron Wisniewski said: “…extended reality will soon be integrated with commerce, entertainment, social connection, education, and well-being. …(the) scent gives these experiences „unmatched power.”
The CES took place between January 5 and 8 in Las Vegas, and the integration of smell into the Metaverse was met with enthusiasm. As the sense of smell was added to the Metaverse, the price of tokens in the virtual world soared, with Zilliqa leading the gains. This is an indication that the Metaverse is set to become even more immersive and exciting as it continues to grow. As more features are added to the virtual world, the price of tokens is expected to continue to increase.
The Metaverse is becoming more popular, and the integration of different senses is set to make it even more attractive to users. With the introduction of smell, users can now experience a more realistic experience in the virtual world, opening up the Metaverse to new possibilities. As the Metaverse continues to attract more users, the price of tokens is likely to continue to surge.