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TELEFÓNICA, META SET UP METAVERSE HUB IN MADRID

Thursday, March 3, 2022   (0 Comments)
Posted by: Randall Barney

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Telefónica and Meta (formerly Facebook) have partnered to launch Open2metaver –
a Metaverse hub in Madrid – to develop Metaverse networks, services and apps
with a global reach.

The deal was announced during the Barcelona Mobile World Congress, with
Telefónica inviting start-ups and developers “to benefit from (our) open
innovation ecosystem as week as from Meta’s engineering support, tools and
resources”.

The hub will also include a 5G laboratory that will serve as a test bed for
Metaverse. The hub will also work with video compression, edge computing and
will deal with the use of the radioelectric spectrum, new connectivity
standards, symmetrical bandwidths, latency and how to enhance networks.

Dan Rabinovitsj, vice president of Meta Connectivity, commented that “over the
next decade Metaverse will reach 1 billion people in the world with hundreds of
thousands of millions dollars in ecommerce and generating millions of jobs for
creators and developers”.

Chema Alonso, Telefónica Chief Digital Officer, added: “The hub will support
companies with the best Metaverse technologies connecting them with Telefónica
to generate joint opportunities”. - More>>





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