Qualcomm Sets Up $100M Fund for Metaverse Investments

2 years ago

Technology elephantine Qualcomm (QCOM) has acceptable up a $100 cardinal money to put successful developers and companies gathering metaverse infrastructure.

  • The money volition people developers gathering immersive extended world (XR) experiences successful areas, specified arsenic gaming, health, acquisition and entertainment.

  • Capital volition beryllium deployed via a operation of grants and investments from Qualcomm Ventures, the firm's task superior arm.

  • Metaverse infrastructure improvement crosses paths with the crypto manufacture owed to the engagement of blockchain and decentralized applications and the usage of integer currencies arsenic a means of outgo wrong it.

  • The metaverse is simply a conceptualized satellite of immersive and augmented world wherever the net is utilized arsenic virtual abstraction for work, play and socializing. It has received important involvement since Facebook changed its sanction to Meta successful October past twelvemonth to bespeak its increasing absorption connected this area.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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