Qualcomm Company Has Announced The Establishment Of A $100 Million Snapdragon Metaverse Fund

On March 21, Qualcomm Company announced the establishment of a $100 million Snapdragon Metaverse Fund to invest in developers and companies building unique immersive XR experiences and related core AR and AI technologies . The fund plans to deploy capital through venture capital investments in leading XR companies through Qualcomm Ventures, as well as through Qualcomm Technologies, Inc.-funded programs for the creation of rich XR experiences including gaming, health, media, entertainment, education and enterprise application) to provide funding for the developer ecosystem.

Qualcomm Technologies has made important contributions to major revolution in computing and has maintained leadership in key core technologies of the Metaverse such as 5G, AI and XR. As we enter a new era of spatial computing, the Snapdragon Metaverse Fund will empower and support innovation across the ecosystem through venture capital and funding for the content project developer ecosystem. In addition, investee companies and developers will have early access to leading XR platform technologies, hardware kits, global investor networks and joint marketing and promotion opportunities.

It is reported that the application for the Snapdragon Metaverse Fund will be officially opened in June 2022.

HongKong JDG Electronic Co., Limited is an professional electronic component supplier, we are sense on the changeable market and always prepare to it. We will always report the newest that happened in electronic market. And if you have any needs on chips, welcome to contact us.