Meta, Qualcomm to develop premium experiences for Quest platform

Meta, Qualcomm to develop premium experiences for Quest platform

Meta Platforms and chip-maker Qualcomm on Friday announced a multi-year agreement to collaborate on a new era of spatial computing powered by Snapdragon extended reality (XR) platforms and technologies for the Meta Quest platform.

The companies said they have worked together on cutting-edge virtual reality (VR) innovations for over seven years, most recently with Meta Quest 2, and this agreement solidifies the mutual commitment to deliver multiple generations of premium devices and experiences powered by custom VR platforms in the years to come.

“We are working with Qualcomm Technologies on customised virtual reality chipsets — powered by Snapdragon XR platforms and technology — for our future roadmap of Quest products,” Mark Zuckerberg, Founder and CEO, Meta, said in a statement.

“As we continue to build more advanced capabilities and experiences for virtual and augmented reality, it has become more important to build specialised technologies to power our future VR headsets and other devices,” Zuckerberg added.

Both companies’ engineering and product teams will deepen technical collaboration to deliver next-generation platforms and core technologies to accelerate a fully realized metaverse.

“By partnering with Meta, we are bringing together two of the world’s metaverse leaders to revolutionise the future of computing for billions of people in the coming years,” said Cristiano Amon, president and chief executive officer, Qualcomm Incorporated.

“Building off our joint leadership in XR, this agreement will allow our companies to deliver best-in-class devices and experiences to transform how we work, play, learn, create and connect in a fully realised metaverse,” Amon added.

 (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Cryptos’ deep connection with the Metaverse

Cryptos’ deep connection with the Metaverse

The metaverse and cryptocurrency are linked by many technology developers and investors and will be a part of Web3, a decentralized internet managed by individual users rather than by large corporations.

Cryptocurrency and the metaverse are quite distinct from one another, yet as they grow, they can become increasingly dependent on one another. The role of blockchain in the metaverse and cryptosLet’s begin with blockchain, a vital piece of technology that powers both cryptocurrencies and the metaverse. Blockchain is a public digital ledger that stores transaction data Peer-to-peer transactions using a blockchain network can eliminate middlemen (like a bank or IT company) from user interactions. In addition to other benefits, this can save costs and expedite transaction times. Digital versions of conventional fiat currencies are still used for online commerce.
To conduct business in a digital environment, the blockchain and the currencies based on it were created. Some people believe that metaverses, with their immersive services and 3D virtual worlds, employ blockchain technology to enable permission-free interactions between internet users. Buying in the metaverseToday, there are several 3D immersive worlds available, including video games with real-time player interaction. However, other definitions hold that unless these 3D worlds have a fully developed digital economy, they cannot properly be considered a part of the metaverse. Users may buy digital goods from many of these games and services. This is a typical technique for serious video gamers. You may buy clothes and accessories to personalize your appearance in the game or boost your performance. A similar idea is used by cloud computing-based services, which offer a basic package that is inexpensive or free to use but hides premium or add-on capabilities behind a barrier. The idea of shopping in the metaverse may also have applications in the actual world. Before making a purchase, customers might try on virtual versions of clothing in the metaverse. NFTs, metaverse and cryptosThis is where cryptocurrencies and apps created on a blockchain enter the picture with the possibility of e-commerce and social engagement. Direct peer-to-peer transactions over the internet carry the promise of cost reductions down to zero and rapid settlement of money. An NFT can be used to ensure ownership of items. These items can be works of art, digital collectibles, or digital replicas of real-world purchases, like a pair of sneakers from Nike, which you can wear in the metaverse. The metaverse is currently mostly the domain of the video game industry and other creative start-ups, though. Notably, the instability in the cryptocurrency market during the first half of 2022 has also raised questions about the metaverse and its sustainability as a full-fledged digital economy. Opportunities for investors and usersSome native tokens used in a metaverse have seen their prices soar in recent years, drawing a lot of investor interest. However, purchasing cryptocurrencies and tokens created via a blockchain network can be risky — and not only because these are newer forms of money. The digital currencies and tokens used in the metaverse are not commercial enterprises that make money. They are actually a form of virtual money that can be used to buy things or take part in a metaverse. As a result, their valuations are very arbitrary and vulnerable to price fluctuations. Even while individual company stocks are extremely volatile, investors can evaluate them based on sales and profit measures, which crypto investors lack. Some of the crypto market’s excessive price fluctuations can be attributed to this. However, the early metaverse versions are quite promising, especially for people who are interested in taking part in them. Some crypto provides their owners a say in DAOs or other virtual projects, providing new revenue opportunities for artists and other digital producers.

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Airtel launches India’s first Multiplex in Metaverse

Airtel launches India’s first Multiplex in Metaverse


Bharti Airtel launched Xstream multiplex, a 20-screen platform with access to content portfolios from leading OTT partners available on its Xstream app.

Users will be able access the multiplex service on a metaverse platform called Partynite Metaverse. The service will be available for free for sampling – first episode of an OTT original or initial minutes of a movie in regional languages, besides English and Hindi – and on subscription of Xstream Premium service, starting from 149 per month.

“Airtel’s Xstream multiplex provides a larger-than-life experience, which brings together Web 3.0 apps and immersive storytelling, and an assortment of content from our partners,” said Shashwat Sharma, director of marketing at Airtel.

“Through the metaverse, we are looking to tap into a larger audience, giving content enthusiasts an opportunity to sample Airtel’s Xstream Premium offering and, thus, aiding in driving higher adoption,” he added.

The Xstream multiplex is an extension of Airtel’s Xstream Premium offering, which recently achieved a 2-million subscriber milestone within 100 days of its launch.

The Xstream multiplex has been created by Essence, Airtel’s integrated media agency of record, and developed by Gamitronics, the creator of Partynite, a blockchain-powered digital parallel universe.

Rajat Ojha, Founder of Partynite (Gamitronics), said, “Airtel Xstream Premium’s multiplex experience is one of the most scalable use case scenarios for the metaverse. Future opportunities here include movies, music, live events and premium sports streaming. Apart from the robust scope, it will also allow social engagement, open up newer methods of content delivery and, of course, provide an immersive experience at the core of it.”

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