One of the biggest telecom companies in Spain and Europe, Telefonica, has partnered with chip maker Qualcomm to collaborate in producing metaverse-related initiatives. According to the agreement, the telecom infrastructure of Telefonica will serve as a platform to deploy experiences created with Qualcomm technology.
The technology called Snapdragon Spaces is a full stack of programs that allow designers to focus on creating these experiences, especially for augmented reality headsets. Spaces is also a device-independent technology. Therefore, the metaverses designed using it can be run with any headset on the market, including the Meta Quest line of devices.
Telefonica will include this technology in initiatives to be developed via its Metaverse Hub, a location dedicated to metaverse, Web3, and augmented reality initiatives.
Daniel Hernandez, Telefonica’s VP of devices & consumer IoT, said that extended reality (XR) would bring a new dimension to the real and virtual world, allowing people to communicate, do business, socialize, and be entertained in new ways. He added that they are preparing for the future, building the infrastructure, evolving services, establishing partnerships, and upgrading equipment that will allow them to bring innovative new devices and services to customers.
The interest of the two companies in the metaverse and augmented reality technology is not new, as they have previously invested and established partnerships in the area. Qualcomm CEO Cristiano Amon, while giving his take on the metaverse in May, said it would be a massive opportunity for the companies involved. The company recently signed a deal with Meta to develop metaverse-specific silicon for Meta’s next line of headsets.
Moreover, Telefonica has also been involved in metaverse projects. The company invested an undisclosed amount in Gamium, a Spanish open world, through an open innovation platform of the company, Wayra.