Tencent Launches Extended Reality Unit to Tackle the Metaverse Market – Metaverse Bitcoin News

Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving it big importance even among executing cost-cutting measures.

, the Chinese tech and entertainment giant announced the creation of its extended reality unit, which will encompass all of the initiatives that the company will run with the goal of entering the metaverse-driven market.The division will be led by the current Global’s Chief Technology Officer Li Shen, and will be part of the entertainment division of the company.

the Metaverse Standards Forum, with the idea of gathering information from open activities to coordinate the establishment of jointly created standards for metaverse platforms.

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Tencent can handle anything, but it's too early to talk about the Metaverse.

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