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Current infrastructure can’t support the Metaverse, says Huawei report

Huawei’s Middle East region's chief strategist outlined that networks have issues with throughput, rendering and download speeds that need solving.

Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might.

The comments came from Huawei’s Middle East region's Chief Expert on Business & Strategy Consulting, Abhinav Purohit, who published a three-part blog series on Dec. 20 focused on the potential of the Metaverse sector and where telecom companies will fit into the picture.

Describing what the Metaverse is, or what its actualization will look like, Purohit outlined that a “metaverse is a collective virtual shared space” which will “allow geographically distant participants to enjoy realistic, spatially-aware experiences that seamlessly blend virtual content in a user’s physical world.”

He also added that the notion of an open Metaverse is closely tied to the Web3 movement as inbuilt economies will be enabled by “digital currencies and non-fungible tokens (NFTs).”

To realize such a vision, download speeds, streaming quality, mobile devices and Metaverse hardware — among other things — will likely need rapid improvements to enable a smoothly operated virtual sphere, he said.

Purohit said delivering a fully polished and immersive experience, requires a host of tech advancements to take place, commenting:

“Delivering such an experience will require innovations in fields like hybrid local and remote real-time rendering, video compression, edge computing, and cross-layer visibility.”

He also believes there will need to be changes to cellular standards, network optimizations and improved latency between devices and mobile networks.

Purohit said that latency (responsiveness of a network), symmetric bandwidth (the speed in which data transfers) and quality of experience (network throughput) are the key issues currently holding back metaverse networks.

He ultimately asserts that large scale adoption of “5G networks will dramatically improve bandwidth while reducing network contention and latency, while 6G will increase speeds by yet another order of magnitude.”

To put 5G network speeds in to context compared to a fixed wireless broadband scenario, 5G can reportedly hit speeds of 1,000 Megabytes per second (MBps). These speeds make it much faster that the national average internet speeds in the U.S. of 119.03 MBps as per High Speed Internet data.

Related: One-third of singles are ready to date in the Metaverse: Survey

Looking outside of the Metaverse, there does seem to be a significant push to get 5G fully operational across the globe, with data from the Global mobile Suppliers Association (GSA) indicating 501 operators in 153 countries and territories investing in 5G as of August 2022.

Out of those 501 operators, GSA’s data also shows that 222 of them have already launched 5G mobile services in 89 countries and territories. Given that 5G isn’t fully rolled out and adopted as the mobile standard across the globe however, it remains to be seen if a fully scale Metaverse can be supported by it.

US Bitcoin reserve could slash national debt 35% by 2049: VanEck

T-Mobile Joins Helium (HNT) Founders Nova Labs To Launch New 5G Mobile Network

T-Mobile Joins Helium (HNT) Founders Nova Labs To Launch New 5G Mobile Network

T-Mobile is teaming up with Helium (HNT) founders Nova Labs to assist in the launch of a new 5G mobile service allowing users to earn cryptocurrency. Nova Labs and T-Mobile have signed a multi-year agreement as the decentralized wireless communications company plans to launch Helium Mobile to expand services on the Helium 5G network, which […]

The post T-Mobile Joins Helium (HNT) Founders Nova Labs To Launch New 5G Mobile Network appeared first on The Daily Hodl.

US Bitcoin reserve could slash national debt 35% by 2049: VanEck

Chip giant Qualcomm launches $100M Metaverse fund

The funding will also go towards a grant program for developers building extended reality-focused gaming, health, wellness, media, and entertainment experiences.

Multinational software and microchip giant Qualcomm Incorporated has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI), and augmented reality (AR) tech companies. 

Extended reality, or XR, refers to the combination of smartphones along with AR and VR technology such as headsets and glasses.

The investment project is dubbed the “SnapDragon Metaverse Fund” in reference to the firm’s Snapdragon chips that are designed for a long list of devices including smartphones, tablets, computers, smartwatches, and smartbooks.

According to a March 21 announcement, the funding will also go towards a grant program for developers building XR-focused gaming, health, wellness, media, and entertainment experiences.

“Through the Snapdragon Metaverse Fund, we look forward to empowering developers and companies of all sizes as they push the boundaries of what’s possible as we enter into this new generation of spatial computing,” said president and CEO of Qualcomm Incorporated, Cristiano Amon.

The firm stated that it is aiming to be the “ticket to the metaverse” via its 5G, AI, and XR technologies which it describes as being critical to the Metaverse. While Qualcomm’s website also indicates that it is aiming to combine a smartphone, VR headset, and AR glasses into a single XR device in the future.

“XR could replace all the other screens in your life, like that big TV in your living room. Mobile XR has the potential to become one of the world’s most ubiquitous and disruptive computing platforms—similar to the smartphone today.”

The firm also teased that recipients of the grants will gain “early access to cutting-edge XR platform technology, hardware kits, a global network of investors, and co-marketing and promotion opportunities.”

Related: Metaverse for education: How virtual reality can help schools and colleges

While crypto has stolen the limelight of late in relation to the ongoing Russian and Ukraine conflict, it appears that interest is starting to pile back into Metaverse projects.

Over the past seven days, the prices of native assets from top metaverse projects such as Decentraland and The Sandbox have gained 7% and 14% apiece.

On March 18, Cointelegraph also reported that the Bored Ape Yacht club founders Yuga Labs had raised $450 million in a seed funding round at a valuation of $4 billion, with part of the funding set to go towards the development of the Apecoin-backed Otherside metaverse project.

US Bitcoin reserve could slash national debt 35% by 2049: VanEck