Senior Analyst, Mobility & VR, Anshel Sag, dives in as Qualcomm Deepens Commitment To The Metaverse With $100 Million Snapdragon Metaverse Fund And Square Enix Partnership
In addition to the $100M Metaverse Fund announcement at GDC, Qualcomm also announced thatAdvanced Technology Division would work on the Snapdragon Spaces XR Developer Platform. One of the most well-known and highly regarded game studios will be working with Qualcomm on Snapdragon Spaces to help build XR gaming experiences.
The extension of Square Enix’s work in the XR space will further help Qualcomm and its partners gain critical mass in the content space with Snapdragon Spaces. The two companies have announced a partnership on a ‘Snapdragon Spaces Project’ focusing on creating head-worn augmented and mixed reality gaming experiences. It is unlikely we will see any VR experiences out of this partnership, but that also makes sense considering that Snapdragon Spaces is more augmented reality focused already. The mobile XR will be predominantly AR and mixed reality experiences.Qualcomm continues to invest in XR and the Metaverse and show the industry that it is not only a chip vendor but also an industry enabler through its software platforms, partnerships, and capital investments. Qualcomm’s partnership with Square Enix to build a project on Snapdragon Spaces further legitimizes the platform for AR and mixed reality development. It will hopefully draw more game studios to follow suit. Qualcomm already has the likes of XR industry veterans like Felix and Paul Studios, Resolution Games and Niantic, and a multitude of OEM and platform partners. The $100M Metaverse Fund also puts monetary backing behind Qualcomm’s efforts in the space, which have been both deep in terms of access and broad in terms of applications. Qualcomm wants to enable developers as much as possible by giving them all resources needed today, with the industry still being in its early stages. Many within the industry expect things to accelerate quickly once enough players come to market with AR and MR products. Everyone, including Qualcomm, wants to be ready for that day.Moor Insights & Strategy, like all research and tech industry analyst firms, provides or has provided paid services to technology companies. These services include research, analysis, advising, consulting, benchmarking, acquisition matchmaking, or speaking sponsorships. The company has had or currently has paid business relationships with 8×8, A10 Networks, Advanced Micro Devices, Amazon, Ambient Scientific, Anuta Networks, Applied Micro, Apstra, Arm, Aruba Networks , AT&T, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, Calix, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, CyberArk, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Dialogue Group, Digital Optics, Dreamium Labs, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame , Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Revolve , Google Cloud, Graphcore, Groq, Hiregenics, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, IonVR, Inseego, Infosys, Infiot, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, Luminar, MapBox, Marvell Technology, Mavenir, Marseille Inc, Mayfair Equity, Meraki , Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA , Nortek, Novumind, NVIDIA, Nutanix, Nuvia , ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Panasas, Peraso, Pexip, Pixelworks, Plume Design, Poly , Portworx, Pure Storage, Qualcomm, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak , SONY Optical Storage, Springpath , Spirent, Splunk, Sprint , Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity, TensTorrent, Tobii Technology, T-Mobile, Twitter, Unity Technologies, UiPath, Verizon Communications, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zayo, Zebra, Zededa, Zoho, and Zscaler. Moor Insights & Strategy founder, CEO, and Chief Analyst Patrick Moorhead is a personal investor in technology companies dMY Technology Group Inc. VI and Dreamium Labs
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