Metaverse Welcomes Qualcomm, Telefonica In Joint Extended Reality Project

Metaverse Welcomes Qualcomm, Telefonica In Joint Extended Reality Project

According to research company MarketsandMarkets, the metaverse market is expected to be valued at $427 billion by 2027. This would mean a Compound Annual Growth Rate (CAGR) of 47% over the next five years from its current $62 billion market cap. With that being said, it’s no wonder more and more companies are racing into […]


Related News

Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Meta...

Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial opportunities. Telefonica Partners With Qualcomm to Bring Metaverse Experiences to Its Customers Telefonica, one of the biggest telecom carriers in Spain and Europe, has announced a partnership with....

Terra Co-Founder Tries To Cash Out 3,300 Bitcoin Following Interpol Alert, Re...

According to several reports, authorities in South Korea have ordered crypto exchanges OKX and KuCoin to freeze funds connected to Terra founder Do Kwon. In total, the platforms froze over 5,000 BTC or around $60 million at the current market price. Related Reading: Metaverse Welcomes Qualcomm, Telefonica In Joint Extended Reality Project As Bitcoinist reported, […]

Meta & Qualcomm to Develop Metaverse Geared Silicon to Be Used in Next Gen He...

Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm’s XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next line of Meta’s VR application, including future headsets for its Meta Quest line of products. Qualcomm and Meta to Bring the Metaverse to Chips While the metaverse company has focused more on the software part of the computing equation thus far, Meta is making moves to bring more....

Chip giant Qualcomm launches $100M Metaverse fund

The funding will also go towards a grant program for developers building extended reality-focused gaming, health, wellness, media, and entertainment experiences. Multinational software and microchip giant Qualcomm Incorporated has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI), and augmented reality (AR) tech companies. Extended reality, or XR, refers to the combination of smartphones along with AR and VR technology such as headsets and glasses. The investment project is dubbed the “SnapDragon Metaverse Fund” in reference to the firm’s....

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very big opportunity for the people involved. Qualcomm CEO Talks Future of Metaverse Hardware companies are starting to view the recent metaverse push in the software industry as an interesting market for them to tackle. Qualcomm, which is one of the biggest fabless chip....