Victoria VR Token Surges Over 60% After Launch of New VR Title

The cryptocurrency market has witnessed a meteoric rise in the price of Victoria VR’s native VR token over the last 24 hours. Jumping over 60% in value, the virtual asset now boasts a market capitalisation exceeding $155 million. The impressive rally has propelled it into the top 250 cryptocurrencies by market value worldwide.

Buy Now on Kucoin

Industry observers have linked the sharp price boost to yesterday’s release of Victoria VR’s first virtual reality video game, CQB Arena. The immersive first-person shooter game transports players into lifelike close-quarters combat across procedurally generated environments.

The time has come! ?

?We are excited to announce that the CQB Arena is now available here:

➡️ App Lab: https://t.co/BLL2ypEwcg
➡️ SideQuest: https://t.co/7HTfCPMlAV

We will be hosting a competition very soon, so we advise that you begin your training to gain the upper hand!… pic.twitter.com/AHlnUu1PR5

— Victoria VR (@VictoriaVRcom) February 9, 2024

Players tackle various missions armed with accurate real-world weapons and accessories, providing an ultra-realistic battle simulation. The game’s advanced graphics and physics engines, combined with Victoria VR’s proprietary full-body tracking technology, enable complex tactics and complete freedom of movement.

The runaway success of CQB Arena is also building momentum ahead of Victoria VR’s planned metaverse project. The company has revealed an upcoming VR world in development for the Apple Vision platform, which is slated to launch next quarter.

Leveraging blockchain technology, Victoria VR’s metaverse will allow participants to purchase virtual plots of land and digital assets as non-fungible tokens (NFTs) using the platform’s native cryptocurrency.

The Victoria VR token serves as the backbone of the platform’s virtual economy. The ERC-20 token enables in-app purchases and also redistributes 50% of all revenue from NFT sales back to token holders and liquidity providers.

Since launching earlier this year, the cryptocurrency asset has surged in demand. Trading volumes exceeded $100 million on its first day of listing on the KuCoin exchange. Prices climbed over 200 times within the first month.

CQB Arena Launch 

The recent price surge and record volumes follow on the heels of the successful CQB Arena launch. With the metaverse project also nearing deployment, Victoria VR aims to push new boundaries in applying blockchain and virtual reality technology for consumer applications.

By merging crypto asset ownership with immersive simulated environments, platforms like Victoria VR present a new paradigm for digital economies and video game experiences alike. The model incentivises user participation while enabling broader access to virtual worlds for recreation and business use cases.

With crypto adoption accelerating globally combined with a surging market for VR devices and content, the underlying fundamentals appear strong for Victoria VR’s ambitious roadmap at the intersection of these technologies. The markets will closely track adoption and user growth metrics as an indication of long-term trajectory.