Qualcomm launches $100 million metaverse fund

Qualcomm invests $100 million in metaverse

After Meta, Samsung, HTC, Google and Microsoft, Qualcomm She just confirmed her interest in metaverses. The American founder, specializing in designing chips for Android smartphones, announced the creation of Snapdragon Metaverse BoxIt is a $100 million fund.

According to the press release published by Qualcomm on Monday, March 21, 2022, the fund should support the development “Immersive Experiences with Augmented Reality, Mixed Reality and Virtual Reality”. The company includes these types of experiences such as “Extended Reality” (XR for ” extended reality “).

Extended reality, also called mixed or mixed reality, combines the possibilities offered by virtual and augmented reality. In concrete terms, extended reality experiences immerse the user in an environment where Virtual 2D or 3D objects are superimposed on the real world. These experiences usually require a helmet or goggles.

by hitting venture capital investments And through grant programs, Qualcomm seeks to provide financial support to developers and companies specializing in the metaverse.

“With the Snapdragon Metaverse Fund, we look forward to supporting developers and companies of all sizes as they push the boundaries of what is possible.”As says Cristiano Amon, President of Qualcomm.

All developers who provide virtual or augmented reality experiences in video games, entertainment, health, or education will be eligible for the Support Program. The American company invites developers to Reply to the call for projects as of June 2022.

๐Ÿ‘‰ Discover the 4 most promising metaverses of 2022

Qualcomm partners with Square Enix to develop games in the metaverse

With its long experience in technology, Qualcomm will not only fund companies that embark on the metaverse. The company will provide Early access to its technology From extended reality to all developers who are part of the grant program.

โ€œWe deliver cutting-edge technology and platform experiences that will enable consumer and business to build and participate in the metaverse and enable the physical and digital worlds to connect.โ€explains the Qualcomm CEO.

Qualcomm will give you access to files Snapdragon XR1 and XR2, which are processors dedicated to virtual reality and augmented reality. Unveiled in 2018, the Snapdragon XR1 is an entry-level chip meant for accessories that require very little computing power.

Faster, the XR2 allows a virtual or augmented reality headset to manage 7 cameras simultaneously, to follow the user’s eye movements and recognize the wearer’s voice. Qualcomm will also offer developers to rely on Snapdragon Spaces XR Dev Kitdedicated to glasses for extended reality.

At the same time, Qualcomm tied Partnership with Square EnixThe Japanese video game studio behind titles like Final Fantasy. The two partners will collaborate in the framework of a project entitled Snapdragon . Spaces. This program plans to design extended reality games that are as immersive as possible.

โ€œWe have invested in XR processors and look forward to building games on Snapdragon Spaces. In particular, we believe the time is right to leverage XR in the classic games we are particularly known for and look forward to sharing with the world.โ€explains Ben Taylor, Art Director at Square Enix.

Earlier this year, Square Enix also had She revealed her interest in non-fungible tokens (NFTs). For Yosuke Matsuda, CEO of the Japanese company, non-fungible tokens, blockchain, and cryptocurrencies will revolutionize the video game industry in the near future.

Several video game studios have also shown interest in the metaverse in recent months. This is the caseEpic Gameswhich offers a tool called MetaHuman to design ultra-realistic digital humans, or from the Chinese giant Tencent.

A few weeks ago, Qualcomm also approached ByteDance, owner of the TikTok social network. On the sidelines of the Mobile World Congress in Barcelona, โ€‹โ€‹the two groups announced that they are working hand in hand to develop a global ecosystem dedicated to extended reality.

Not all tech giants are as enthusiastic about metaverses as Qualcomm. Intel Corporation, a semiconductor giant, believes that virtual worlds such as those mentioned by Meta (formerly Facebook) are not technically feasible yet. The company asserts that a metaverse accessible to billions of people will require 1,000 more computing and processing power of computers.

๐Ÿ‘‰ On the same topic: Manufacturer HTC will release its first smartphone pieces for the metaverse

Source: Qualcomm, Square Enix

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