The US-based wireless technology corporation has announced its new initiative towards developing innovative metaverse content.
According to an official press release by Qualcomm Incorporated, the company has set up a $100 million Snapdragon Metaverse Fund for developers and startups that will focus on creating “immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligence (AI) technologies.”
CEO and President of Qualcomm Cristiano Amon spoke on the recently launched metaverse fund, highlighting the company’s efforts to connect virtual and digital worlds and create an immersive experience for consumers. He added:
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What Is Tether? (USDT SIMPLY Explained With Animations)
"Through the Snapdragon Metaverse Fund, we look forward to empowering developers and companies of all sizes as they push boundaries of what’s possible as we enter into this new generation of spatial computing."
More than that, Qualcomm’s fund will also take up extended reality (XR) projects and creators in several areas like education, sports, media, and offer them grant programs to help the growth of their ecosystems.
Startups that receive the fund will also be able to access Qualcomm’s own XR technology innovations, opportunities to work with new investors and promoters.
