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NTT Docomo is Japan’s largest telecom company. A new division has been created to manage its metaverse push. There are 200 employees at Qonoq, which is already active. It develops and tests software and hardware solutions to integrate extended reality products with customers of the Japanese telecom carrier.

The metaverse is a brand-new digital world that offers brand-new services to telecom companies all over the globe. NTT Docomo is Japan’s largest wireless telecom company with over 80 million customers. It launched its metaverse division this month, marking the company’s first entry into the metaverse market.

The unit, which is called Qonoq, has 200 employees. It will build software- and hardware-based products to be used by customers and users of the company. 

This unit, which will be based on three areas of focus, will have an estimated budget of $412 million.

The first is to provide metaverse experiences through “XR World”, and “Matrix Stream,” a virtual concert venue that will be optimized for content delivery.

The “digital twin” industry is the second. This allows customers to add additional information to the venue’s information. The third is the creation of hardware devices that allow you to experience metaverse experiences in an immersive manner.

Although Meta is the largest proponent of the metaverse concept, it’s not the only one. Other telecom companies have seen the benefits of integrating this type of service into their portfolios. Telefonica, one of the largest Spanish-based telecom companies, has also partnered up with Meta to create its own Metaverse hub and to work with Qualcomm to provide metaverse experiences to its customers.

Orange, another European carrier, has also been interested in entering the metaverse. It opened a cyberspace-based centre to teach digital skills in virtual reality. SK Telecom, a Korean carrier, has created its own metaverse platform called Ifland. It is currently reworking its platform in order to make it available to European users via a partnership.

The post Telecoms Firm From Japan Bets a Big $412 Million on The Metaverse first appeared on The Daily Encrypt.



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Angie Byrd