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Tencent Launches Extended Reality Unit to Tackle the Metaverse Market – Metaverse Bitcoin News

Mat Goldman by Mat Goldman
June 27, 2022
in Bitcoin
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Tencent Launches Extended Reality Unit to Tackle the Metaverse Market – Metaverse Bitcoin News
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tencent

Tencent, the Chinese language know-how and leisure large, introduced the creation of its personal metaverse-driven division. The division, named the prolonged actuality unit, would be the one tasked with encompassing all metaverse-driven efforts, together with {hardware} and software program developments. Based on stories, the corporate goals to make use of over 300 on this unit, with Tencent giving it huge significance even amongst executing cost-cutting measures.

Tencent Formally Publicizes Metaverse Division

Tencent, one of many largest Chinese language software program firms, has taken one other step towards entering into the metaverse. Based on Reuters, the Chinese language tech and leisure large introduced the creation of its prolonged actuality unit, which is able to embody all the initiatives that the corporate will run with the purpose of getting into the metaverse-driven market.

The division shall be led by the present World’s Chief Know-how Officer Li Shen, and shall be a part of the leisure division of the corporate. Whereas there’s nonetheless not a lot details about the path that the unit will take, sources state that the corporate will produce each software program and {hardware} merchandise for the metaverse, Because of this Tencent may be poised to be a robust contender for firms like Meta and Microsoft within the east with the hypothetical manufacturing of AR and XI {hardware}.


Placing the Weight on High

The prolonged actuality unit doesn’t appear to be simply one other unit in Tencent’s corporative construction. The unit supposedly has been underneath wraps since earlier this 12 months. The corporate goals to have a workers of greater than 300 individuals devoted to completely different metaverse-driven initiatives.

This speaks volumes in regards to the significance that Tencent is given the metaverse and prolonged actuality initiatives even when the corporate has been executing cost-cutting measures and slowing down hiring efforts because of the macroeconomic circumstances of the market, with the unit being thought of a ardour challenge of the founding father of Tencent. However sources additionally indicated that this imaginative and prescient would possibly change sooner or later in keeping with the main target and efficiency of the unit.

Different firms, like Meta, have additionally been investing in metaverse gadgets and platforms to get the higher hand in relation to metaverse {hardware} and software program, looking for to be the primary to current a cohesive digital actuality platform. Nonetheless, it will make them lose cash within the R&D space, as Meta acknowledged just lately.

There have been additionally efforts to finish metaverse requirements. Meta, Microsoft, and different firms like Epic Video games launched the Metaverse Requirements Discussion board, with the concept of gathering info from open actions to coordinate the institution of collectively created requirements for metaverse platforms.

What do you concentrate on Tencent launching a metaverse unit? Inform us what you concentrate on this topic within the feedback part beneath.

Sergio Goschenko

Sergio is a cryptocurrency journalist primarily based in Venezuela. He describes himself as late to the sport, getting into the cryptosphere when the value rise occurred throughout December 2017. Having a pc engineering background, residing in Venezuela, and being impacted by the cryptocurrency growth at a social degree, he provides a special perspective about crypto success and the way it helps the unbanked and underserved.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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