Reports suggest that Apple's highly-anticipated virtual and augmented reality headset could fast-track the emergence of the metaverse. The new device, which could be called "Reality Pro," is expected to launch in early June and compete with other premium VR headsets.

While some analysts believe the launch could be a boon for metaverse-related tokens, others caution that a fully immersive metaverse experience could still be a long way off. Apple could still showcase its metaverse hardware offering at this year's Worldwide Developers Conference.