The metaverse move came from the US-based chip manufacturer company Qualcomm. Qualcomm, which made a chip agreement with Microsoft at the beginning of January for the production of virtual reality glasses and made a statement that "Both Microsoft and Qualcomm believe in the metaverse", announced a $ 100 million metaverse fund.

Through this fund, Qualcomm will support other companies working in the metaverse field with augmented reality and virtual reality technologies. Qualcomm finance director told the Wall Street Journal from the US media on the subject that they want to expand the company's chip market share through the Snapdragon Metaverse Fund. Funding will begin accepting applications in June.


Qualcomm, which produces chips for virtual reality glasses, has achieved a serious metaverse growth after its agreement with Microsoft. The company earns 17% of its $10.7 billion revenue from business with companies working based on the metaverse.

As it is known, the great interest in metaverse technology enables companies that create fashion and clothing products with digital assets, such as Space Runner, which recently received a $10 million investment, to raise more funds with each passing day.

While the entertainment giant Disney is starting to make serious investments in the metaverse field, an increasing number of companies are registering more and more brands for the sale of products in virtual universes.


Nexo Ventures to Invest $150 Million in Web3, DeFi, Metaverse, NFT Technologies

Founded within Nexo, Nexo Ventures; Web 3 will be investing in startups working in the areas of decentralized finance (DeFi), non-fungible token (NFT), metaverse and GameFi.

According to the company's statement on Wednesday, the projects that the 150 million dollar fund will invest will also include projects working on payment technologies and trading infrastructure. Nexo Ventures; It will be led by Tatiana Metodieva, who is in charge of Nexo's corporate finance department.

   “At Nexo, we believe that blockchain technology will change the way we use financial services.” "Our mission is to support entrepreneurs who take the crypto revolution one step further. The aim of Nexo Ventures will be to contribute to greater adoption of digital assets and the growth of the Web3 ecosystem."