•Tokens in the metaverse soared on Monday as the ability to smell entered the Metaverse.
•As a result, metaverse tokens rallied with Zilliqa price soaring as much as 50% leading crypto gains at the start of the week.
•OVR Technology showcased a VR headset with a container holding eight primary aromas that can be mixed together to create various scents.
The world of virtual reality has been growing increasingly popular in recent years, and now there are moves to make the experience even more immersive. On Monday, the metaverse – a term used to describe a virtual world – experienced a surge in tokens as the ability to smell had been added to the experience. This resulted in a rally of many metaverse tokens, with the price of Zilliqa skyrocketing by as much as 50%.
The news of smell being added to the metaverse was unveiled at the Consumer Electronics Show (CES) 2023, which took place in Las Vegas between the 5th and 8th of January. Several metaverse-focused companies showcased their new developments, with one of the most notable being OVR Technology, based in Vermont, US. The company unveiled a VR headset with a container holding eight primary aromas that can be mixed together to create various scents. The device is due to be launched in the last quarter of 2023.
The CEO of OVR Technology, Aaron Wisniewski, expressed his belief that the addition of smell to the metaverse would give users “unmatched power”, allowing them to fully immerse themselves in the experience. The move is part of a larger trend of incorporating human aspects into the virtual reality world, as outlined in a report from McKinsey & Company. Such advancements could result in a boom in the metaverse, as users become increasingly comfortable engaging with the virtual environment.
Overall, the addition of smell to the metaverse has resulted in a surge in the prices of many tokens. Zilliqa has seen the biggest price surge, with the crypto rising by as much as 50% in a single day. Other tokens such as Sandbox (SAND) and Decentraland (MANA) have also seen healthy gains, with the latter up by 13.5%. It remains to be seen how the addition of smell will impact the metaverse in the long-term, but it appears that the industry is set to experience further growth in the near future.