Tim Cook of Apple Claims Metaverses Have “Potential”

Tim Cook said that Apple sees a lot of potential in the space of metaverses and is investing accordingly

Since fall 2021, many big companies have commented on the rising popularity of metaverses. Steam banned any games featuring blockchain from its digital store, while the Epic Store welcomed them with open arms. Meta announced its active course on the development of the technology. Gaming companies such as Square Enix, Ubisoft, and Electronic Arts have expressed their favour for metaverses as well. For their part, Apple had remained neutral on the topic – that was, until now. 

During the company’s Q1 2022 earnings call, Tim Cook, the current CEO of Apple, commented: 

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“Well, that's a big question [the Metaverse opportunity and Apple's role in that market], but we're a company in the businesses innovation so we're always exploring new and emerging technologies, and I've spoken at length about how it's very interesting to us right now. We have over 14,000 AR Kit apps in the App Store which provide incredible AR experiences for millions of people today. So we see a lot of potential in this space and are investing accordingly.” 

 

See what other big companies had to say on metaverses and blockchain here:  

Sega Registers NFT Trademark: Ambiguity or Hypocrisy? 

Konami Releases Castlevania NFT Memorabilia to Celebrate Its 35th Anniversary  

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Square Enix’s President Declares Decentralized Gaming Is the Future  

Ubisoft Continues to Stand Its Ground Regarding NFTs  

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Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.