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Japanese Telecom Giant NTT Docomo Sets up $412 Million Metaverse Unit

The biggest telecom company in Japan, NTT Docomo, has opened a new division that will be in charge of leading its push into the metaverse. The unit, which is called Qonoq, is already up and running. It has a staff of 200 people who are exploring and developing software and hardware solutions for the Japanese carrier’s clients.

NTT Docomo Joins the Metaverse

All over the world, telecom companies are interested in the metaverse and the new services it can provide to their clients. NTT Docomo, which has more than 80 million users, is the largest wireless telecom carrier in Japan. Earlier this month, the company opened its own metaverse division. This was the first step the company took into the metaverse market.

The unit is called Qonoq, and its 200 employees will work on making software and hardware products for the company’s users and customers.This new group is expected to have a budget of about $412 million and will focus on three key areas.

First ever area is about giving metaverse experiences through its own world, named “XR World,” and a place for virtual concerts, called “Matrix Stream,” which will be optimized for content delivery.

The second key area is the “digital twin” business, which lets customers add extended reality to the information they have about a certain venue. The third one is making hardware so that people can have more immersive metaverse experiences.

There are telecom companies in the metaverse

While Meta, the organization formerly known as Facebook, is currently making the strongest push for the idea of the metaverse, certain telecom carriers have also seen the value of including this kind of service in their service offerings. One of the largest carriers in Spain, Telefonica, has also teamed up with Meta to set up its own Metaverse center there and with Qualcomm to create metaverse experiences for its users.

With the opening of a cyberspace-based center to impart digital skills in the virtual world, Orange, another European carrier, has expressed interest in entering the metaverse. Through a cooperation with Deutsche Telekom, a Korean carrier named SK Telecom is now redesigning its Ifland metaverse platform in order to make it accessible to European users.

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