Facebook, Nvidia, Google, Microsoft and Visa are fully committed to the metaverse, driving a global metaverse industry investment boom. Taiwan’s three telecom giants plan to drive the growth of 5G subscribers through metaverse layouts.
HTC’s first lightweight VR glasses, VIVE Flow, is already available at Chunghwa Telecom. Chunghwa Telecom’s Chunghwa Systems Integration Corp. represents the Zochen smart glasses and is preparing to develop innovative applications for enterprises. Chunghwa Telecom has also recently teamed up with start-up company Uniigym to develop the “AR Move x Uniigym” smart sports app, paving the way for innovative applications for the meta-universe.
GPU display chip giant Nvidia is actively involved in the metaverse, becoming a key driver of this global metaverse boom. Taiwan Mobile’s 2020 Ge Force NOW Alliance Taiwn Mobile cloud-based gaming platform with NVIDIA. Taiwan Mobile’s president Lin Chih-Chen recently said that the company’s entry into the cloud gaming space is a preparation for the meta-universe and is optimistic that new startups will shine in the meta-universe in the future.
AppWorks, founded by Lin Chih-Chen, has been actively investing in the metaverse for the past two years, including an investment in Dapper Labs, the team that released the “NBA Top Shot” crypto virtual collectible, and most recently, Sandbox, NFT’s metaverse game that has reached a record high of $100 million. appWorks participated in a mid-year Animoca Brands’ new funding round. Taiwan University has taken a stake in AppWorks, which will help it drive innovative applications of the metaverse in the future.
Far EasTone Telecom recently teamed up with the Asian East University of Science and Technology to create a 6-story virtual smart building. By combining 5G with AI, VR/MR and gesture recognition technologies, users can put on VR glasses and step into the virtual smart building to freely travel through different floors and enjoy various immersive experiences.
Market analysts believe that all three telcos have recently been actively supporting meta-universe-related startups in preparation for the accelerated development of metadata services.
Lin Zhi Chen: Metaverse industry chain will take 3-5 years to mature
Metaverse is considered one of the killer applications in the 5G era or even the 6G era. Because both individuals and enterprises emphasize realistic, real-time and stable virtual interactions, they need to rely on the telecom infrastructure network with large bandwidth and high-speed transmission to provide new immersive and interactive services. Global telecom companies are actively investing in metaverse, which will catalyze the accelerated development of the metaverse industry chain.
China Mobile and China Unicom are the first major members of the approved Mobile Communications Association Metaverse Industry Committee, which was established last week. China is actively deploying the metaverse ahead of schedule.
In Taiwan, thanks to a complete upstream, midstream and downstream industry chain, the three telecom giants are not far behind in developing innovative metaverse applications.
Taiwan Mobile’s President Lin Chih-Chen believes that meta-universe will be a killer application. In the next decade or two, mobile users will be educating, entertaining, socializing and even working in the metaverse. Unlike the rapid development of connected services driven by smartphones in the 4G era, future metaverse devices will replace mobile phones, which will be the next real highlight of 5G, but this new industry trend will not flourish until 2024 at the earliest.
International telecoms equipment vendors even believe that the current 5G environment is not sufficient for the metaverse and it will be very interesting to see if global telcos are forced to invest in 6G earlier.