Summary about new alliances and acquisitions

On 29 September, the primary version of #TelefónicaMetaverseDay was held, an occasion the place Telefónica shared its improvements, technique and partnerships round metaverse, Web3 and different rising applied sciences.

Attendees might comply with the occasion in particular person on the Telefónica District auditorium, which additionally had a demo space known as “The Playground”, or through streaming, by means of the occasion’s web site or in AltSpaceVR, a multi-user digital surroundings that allowed customers to benefit from the occasion in an immersive manner.

Telefónica opens the door to a brand new period

Firstly, Chema Alonso instructed how we’re immersed in a technological tsunami and an unprecedented re-evolution of the Web with applied sciences with nice potential similar to Blockchain, AR/VR/XR, 5G, Wi-Fi 6 or Edge Computing essential for the arrival of Web3. “As we have always done, we have to transform ourselves. But no longer only with a telecommunications company vision. We have to think outside the box and take decisions at the sector level,” he mentioned.

As for tokens, he confused that they’ll utterly change the paradigm of shopping for, promoting and exchanging items and that their use is unstoppable. Telefónica’s Chief Digital Officer additionally reported on Telefónica’s strategic funding within the Bit2Me exchanger, which has enabled the Bit2Me Commerce fee technique in Telefónica tu.com‘s sustainable technology e-commerce. This method allows the use of cryptocurrencies to carry out certain transactions. Also, aboutprojects that have been developed such as Movistar Tokens, where customers are rewarded for being more digital, or the Telefónica Marketplace a new platform for the creation and sale of digital art, where the exclusive creations of artists and creators are hosted. To close his speech, he recalled Telefónica’s dedication to innovation with excessive funding and sources in start-ups by means of Wayra.

In the meantime, Irene Bernal, Director of Connectivity Innovation at Telefónica, continued by displaying examples of experiences which have begun to be developed within the metaverse and the pillars for an operator to be ready to be a “Telco Metaverse Ready”: low latency applied sciences, edge computing and a programmable community. She additional outlined the Metaverse as a “virtual, immersive, interactive, massive, real-time environment” that’s challenged by the immense information site visitors, lowered latency and extra highly effective bandwidth.

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