Spanish Telecom Giant Telefonica Partners with Qualcomm on Joint Metaverse Project – Metaverse Bitcoin News

Telefonica, one of Spain’s largest telecom operators, and fabless chip designer Qualcomm have signed a partnership to advance joint Extended Reality and Metaverse plans. Telefonica will bring these Metaverse experiences to its customers using Snapdragon Spaces, a new technology from Qualcomm. The agreement also includes the possibility of pursuing joint business opportunities.

Telefonica partners with Qualcomm to bring Metaverse experience to its customers

Telefonica is one of the largest telecommunications operators in Spain and Europe, Announce A partnership with chipmaker Qualcomm to co-produce Metaverse-related programs. The agreement stipulates that Telefonica’s telecommunications infrastructure will serve as a platform to deploy experiences generated using Qualcomm technology.

The technology, called Snapdragon Spaces, is a suite of programs that allow designers to focus on developing these experiences, especially augmented reality headsets. Spaces is also a device-independent technology, so virtual worlds designed with it will work with any headset on the market, including the Meta Quest line of devices. Telefonica will incorporate this technology into programs to be developed through its Metaverse Hub, dedicated to Web3, Augmented Reality and Metaverse initiatives.

Regarding this partnership and what it means for the future of the company, Daniel Hernandez, VP of Devices and Consumer IoT at Telefonica said:

XR (Extended Reality) will bring new dimensions to the digital and real world, enabling people to communicate, conduct business, socialize and entertain in new ways. We are preparing for this future by building infrastructure, upgrading equipment, growing our services, and forging partnerships that allow us to bring innovative new equipment and services to our customers.

Two brands in Metaverse

The two companies’ interest in the metaverse and augmented reality is not new, as they have invested in and formed partnerships in the field before. Qualcomm CEO Cristiano Amon gave his thoughts on the Metaverse in May, statement For related companies, this will be a very big opportunity.The company recently closure Agreement with Meta to develop Metaverse-specific chips for Meta’s next line of headphones.

Telefonica has also been involved in the Metaverse invest Received an undisclosed amount in Spain’s open-world Gamium through the company’s open innovation platform, Wayra.

What do you think of the latest collaboration between Qualcomm and Telefonica? Let us know in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist in Venezuela. He describes himself being late to the game, entering the crypto space when prices rose in December 2017. With a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency craze on a social level, he offers a different perspective on the success of cryptocurrencies and how it can help the unbanked and underserved.

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