Qualcomm announces $100M Snapdragon Metaverse Fund

Qualcomm invests heavily in Extended Reality (XR) technologies. Announces $100M Snapdragon Metaverse fund.

“Our Snapdragon® XR1 and XR2 platforms are purpose-built to meet the particular demands and requirements of today’s virtual reality (VR) and augmented reality (AR) devices. You can find them in most commercial XR devices today, from Meta to Microsoft, to Snap, Lenovo, and more. And to help developers, creators, and companies more easily create immersive headworn AR content, we announced the Snapdragon Spaces™ XR Developer Platform.”

“Now we’re excited to focus on the Metaverse and the journey to build immersive XR digital experiences. With Qualcomm Ventures, we want to accelerate the Metaverse content ecosystem and the next generation of spatial computing.”

“We’re launching the Snapdragon Metaverse Fund, established to invest up to $100 million in innovative developers and companies building immersive experiences with AR, mixed reality, and VR. It is anticipated that the fund will deploy capital through a combination of venture investments in leading XR companies by Qualcomm Ventures and a grant program by Qualcomm Technologies, Inc. for developer ecosystem funding in XR experiences such as gaming, health and wellness, media, entertainment, education, and enterprise.”

source Qualcomm