Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives

Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives

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 Qualcomm, the chip maker, in order to collaborate in the production of metaverse-related initiatives. The agreement establishes that the telecom infrastructure of Telefonica will serve as a platform to deploy experiences produced with Qualcomm technology.

This technology, named Snapdragon Spaces, is a full stack of programs that allow designers to focus on developing these experiences, especially for augmented reality headsets. Spaces is also a device-independent technology, so the metaverses designed using it can be run with any headset on the market, including the Meta Quest line of devices. Telefonica will include this tech in initiatives to be developed via its Metaverse Hub, a location dedicated to Web3, augmented reality, and metaverse initiatives.

About this partnership and what it means for the future of the company, Telefonica’s VP of devices & consumer IoT, Daniel Hernandez, stated:

XR (extended reality) will bring a new dimension to the digital and real world, allowing people to communicate, do business, socialize and be entertained in new ways. We are preparing for this future, building the infrastructure, upgrading equipment, evolving our services, and establishing the partnerships that will allow us to bring innovative new devices and services to customers. Two Brands in the Metaverse

The interest of these two companies in the metaverse and augmented reality tech is not new, as they have previously invested and made partnerships in the area. Qualcomm CEO Cristiano Amon gave his take on the metaverse in May, stating it will be a very big opportunity for the companies involved. The company recently closed a deal with Meta to develop metaverse-specific silicon to be used in Meta’s next line of headsets.

Telefonica has also been involved in metaverse projects already. The company invested an undisclosed amount in Gamium, a Spanish open world, through Wayra, an open innovation platform of the company. Tags in this story cristiano amon, gamium, Metaverse, Qualcomm, snapdragon spaces, telefonica, wayra, Web3

What do you think about the latest partnership between Qualcomm and Telefonica? Tell us in the comments section below. Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Nanjing University Sets Up One of the First Metaverse Majors in China METAVERSE | 4 hours ago Retail Giant Walmart Enters the Metaverse With Walmart Land and Universe of Play on Roblox METAVERSE | 14 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, Andres Garcia Martin / Shutterstock.com Previous articleNanjing University Sets Up One of the First Metaverse Majors in China Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin