Source: www3.nhk.or.jp
Major Japanese mobile carrier NTT Docomo says it will spend 60 billion yen, or about $415 million, to fully enter the metaverse market. The metaverse is a virtual space where users interact in a computer generated environment.
A new subsidiary, NTT Qonoq, will provide entertainment-related services such as virtual live performances. It will also offer metaverse space to other companies.
NTT Docomo aims to make projects a key new source of revenue. The growth of the mobile phone business has been slow due to Japan’s declining population.
The company plans to work with a variety of partners to provide a variety of content.
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