Telefonica recently had a major announcement to make for its users and the cryptocurrency community in Spain and the entire European region.
Telefonica, which is one of the largest carriers and providers of telecom services in Europe and Spain has entered the metaverse. As the metaverse is the sub-division of the crypto-blockchain industry, it means that the company has entered the crypto sector.
Telefonica has partnered with Qualcomm
Telefonica has announced that it has formed a partnership with Qualcomm. Following the partnership, Telefonica will be able to explore the metaverse.
The company is eager to learn about the projects and initiatives that are being launched within the metaverse. They are ambitious to know and learn more about metaverse technology.
Telefonica is aiming to gain more ground in the technological sector by entering the metaverse. With support from Qualcomm, Telefonica is aiming to launch new projects and services in the metaverse sector.
Telefonica to Use its Infrastructure for Metaverse
The officials at Qualcomm confirmed the announcement made by Telefonica. They revealed that the best thing for Telefonica is that they will not have to do much to adopt the metaverse technology.
Telefonica already has a vast amount of experience in gathering and processing large amounts of data. Their infrastructure is already capable of handling a great amount of load.
As part of the agreement, Telefonica will be using its currently operational infrastructure to adopt and explore the metaverse technology.
Over time, Telefonica will work on a number of projects with Qualcomm that would see the telecom company offering many experiences to their users.
Qualcomm will guide and provide its technological expertise to Telefonica while it explores the metaverse industry.
Qualcomm to Offer Snapdragon Spaces
According to the agreement, Qualcomm will be offering Snapdragon Spaces technology to Telefonica. The particular technology has been designed to home multiple programs.
Through the platform, the designers can bring their experiences and ideas to reality. The technology is very suitable for the production of headsets offered for augmented reality.
Surprisingly, Snapdragon Space offers a completely device-independent technology. This means that once a metaverse is designed and launched through the platform, the users will be able to use any headsets to use the technology.
Using the technology, Telefonica will launch a Metaverse Hub. The hub will be dedicated to working on multiple projects belonging to the metaverse, augmented reality, and Web3 initiatives.
How to Interact with Telefonica’s Services?
Telefonica is yet to confirm whether it will be launching its own token for the users to interact and make purchases with its metaverse and other projects.
If there are no plans to launch a new token, Telefonica may adopt and support cryptocurrencies that are already in the market.
