NTT Docomo, Japan’s largest telecom company, has established a new division dedicated to leading its Metaverse initiative.
This unit, named Qonoq, is actively engaged in the project. Furthermore, the Japanese firm is focusing on integrating augmented reality products for its customers.
To support this endeavor, the unit is staffed with 200 personnel who are dedicated to researching and developing both software and hardware solutions.
NTT Docomo Enters Metaverse!
Telecommunications companies globally are showing a keen interest in the Metaverse and the new services this digital realm can offer their customers. NTT Docomo, Japan’s largest wireless telecom operator with a customer base exceeding 80 million, launched its Metaverse division earlier this month. This marks the company’s initial venture into the Metaverse industry.
The division is named Qonoq and comprises a 200-member team dedicated to developing software and hardware products for the company’s users and customers. The budget allocated for this newly established unit is approximately $412 million.
The unit’s focus will be divided into three primary areas. The first area is centered on providing Metaverse experiences through its proprietary world, named XR World. The second area, known as Matrix Stream, aims to optimize content delivery and will enable customers to access information about specific venues. The third area involves the development of hardware devices, designed to offer users an immersive Metaverse experience.
Telecom Companies’ Interest in Metaverse Increases!
Meta, formerly known as Facebook, is spearheading the most prominent initiative in the Metaverse concept. Additionally, several telecom operators are investigating ways to incorporate such services into their offerings.
One of Spain’s largest companies, Telefonica, has collaborated with Meta to establish its own Metaverse headquarters in Spain. It has also joined forces with Qualcomm to create custom Metaverse experiences for its customers as part of the same initiative.
Orange, another major European company, has ventured into the Metaverse by launching a cyberspace-based center to teach digital skills in the virtual world. SK Telecom, a South Korean operator, has developed its own Metaverse platform, Ifland, and is currently revamping it to extend its reach to European users through a partnership with Deutsche Telekom.
Furthermore, Metaverse initiatives are gaining traction across various industries. The costs associated with these initiatives are reported to be lower due to the current crypto winter, which has led to a surge in new projects.
This trend indicates that numerous companies are actively exploring opportunities in the Metaverse or Web3 domains.
You may also like this content
-
-
-
-
-
-
-
-
-
-
