Chip supplier Qualcomm; established a new $100 million fund to invest in projects that contribute to the growth of the metaverse ecosystem.
name Snapdragon Metaverse Fund the new fund announced as; augmented reality, mixed reality and virtual reality will invest in projects that contribute to the metaverse using its technologies.
The San Diego-based chip supplier is already making its own virtual reality glasses and plans to collaborate with Microsoft to design new chips for augmented reality technology.
According to the statement made by Qualcomm, the new fund of $ 100 million; gaming, health, media, entertainment, education will be able to invest in projects working in areas such as
Applications to benefit from the fund, according to statements made to the Wall Street Journal by the company’s CFO. in June will open.
In Qualcomm’s statement, “We want to accelerate the growth of the Metaverse-based content ecosystem using Qualcomm Ventures.” statement was included.