Chip giant Qualcomm inaugurates $100M Metaverse budget

March 23, 2022

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Global software and microchip huge Qualcomm Incorporated have initiated a 100 dollar million Metaverse budget. This fund is to aid Artificial Intelligence, Extended Reality, Augmented Reality technology firms. Extended reality or XR, pertains to the mixture of smartphones along with AR and VR technology like glasses and headsets. The investment program is named the SnapDragon Metaverse Fund in citation to the company’s Snapdragon chips that are formulated for a long list of appliances comprising tablets, computers smartphones, tablets, smartbooks and smartwatches.

The allocation will also go towards a grant project for developers building extended reality-focused gaming, wellness, health, media, and entertainment occasions. The corporation asserted that it is conducting to be the ticket to the metaverse through its 5G, AI, and XR technologies which it depicts as being crucial to the Metaverse. While Qualcomm’s website demonstrates that it is conducting to incorporate a smartphone, VR headset, and AR glasses into a single XR device in the near prospect. The company also poked fun at those recipients of the grants who will attain early access to cutting-edge XR forum technology, hardware kits, a global web of investors, and co-marketing and publicity chances.

While crypto has snatched the attention about the continuous Russian and Ukraine war, it occurs that interest is beginning to stack back into Metaverse programs. Over the last 7 days, the rates of native assets from top metaverse programs such as Decentraland and The Sandbox have increased 7% and 14% separately.


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