Spanish Telecom Giant Telefonica Partners with Qualcomm to Develop Joint Metaverse Initiative – Metaverse Bitcoin News

Telefónica, one of Spain’s largest telecom carriers, and leading chip designer Qualcomm have signed a partnership to advance joint augmented reality and virtual reality initiatives. Telefonica uses Qualcomm’s new technology, Snapdragon Spaces, to bring these dynamic experiences to its customers. The agreement also includes the possibility of pursuing joint business opportunities.

Telefonica partners with Qualcomm to bring different experiences to its customers

Telefónica, one of the largest telecom operators in Spain and Europe, has announced a partnership with chip maker Qualcomm to collaborate on manufacturing initiatives related to Metaverse. The agreement shows that Telefónica’s telecom infrastructure will serve as a platform for deploying experiences powered by Qualcomm technology.

This technology, dubbed Snapdragon Spaces, is a complete programming stack that allows designers to focus on developing these experiences, especially for augmented reality headsets. Spaces is also a device-free technology, so the Metaverses designed using it are compatible with other headphones on the market, including the Meta Quest line. Telefónica will include this technology in initiatives developed through the Metaverse Hub, a space dedicated to Web3, augmented reality and Metaverse initiatives.

Daniel Hernandez, Telefonica’s VP of Devices and Consumer IoT, said about the partnership and what it means for the company’s future:

XR (Extended Reality) brings a new dimension to the digital and real world, allowing people to communicate, do business, connect and have fun in new ways. We are preparing for the future by building infrastructure, upgrading equipment, enhancing our services and establishing partnerships that will enable us to bring new equipment and services to customers.

Two brands in the Metaverse

Their interest in meta-version and augmented reality technology is not new, as these two companies have already invested and formed partnerships in the area. Qualcomm CEO Cristiano Amon expressed his opinion on Metavas in May, saying that it will be a great opportunity for companies. The company recently closed a deal with Meta to produce the Metaverse-specific silicon used in Meta Next headphones.

Telefonica is also involved in the Metaverse projects. The company has invested an undisclosed amount in Gamium, the Spanish open world, through the company’s open innovation platform Wayra.

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

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. In the year He describes himself as late to the game, entering the cryptosphere when the price spike occurred in December 2017. With a background in computer engineering, living in Venezuela and being socially influenced by the cryptocurrency boom, he has a different opinion. About the success of crypto and how it can help the unbanked and underserved.

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