Sibiu, Romania, November 4, 2022, Chainwire

Elrond, the startup building internet-scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new Internet economy to include the frontier of the digital metaspace.

The metaverse-forward company presents three new products as pillars of its evolution.

• xFabric is a sovereign blockchain module and core blockchain applications. Deployable in minutes. Fully customizable. It includes a large set of features and use cases for any creative, brand, or business.
• xPortal is a true SuperApp. The portal to the Metaverse. Your avatar’s house. All finance. A debit card. Friends, chat and social. Accessible to anyone, anywhere in the world.
• xWorlds it is a world creation engine. Enabling a network of interoperable metaverse worlds. Starting with the first world. xWorlds is a platform developed in partnership with Improbable that enables unprecedented new experiences deeply integrated with xPortal and xFabric.

“Incredible amounts of creative energy are being poured into multiple compelling visions of the metaverse.” said Beniamin Mincu, CEO and founder of MultiversX (formerly Red Elrond). “MultiversX is building the collaborative framework and composable toolset to set the stage for a huge-stakes, positive-sum game. For reinventing the entire spectrum of the human experience and for reinventing the interface of every business vertical.”

MultiversX will continue to build on the remarkable success of the Elrond network, technology, community and ecosystem. It will continue to advance the innovative protocol and scalable tools of the blockchain with a mission to grow Web3 technology.

Furthermore, it will expand and broaden the original reach and create the unique opportunity for its millions of users and vibrant ecosystem to lead the once-in-a-generation social shift into the metaverse.

The momentous transformation will unfold during a 3-day event at the Brongniart Palace in Paris, where Jean-Noel Barrot, French Minister for Digital Transition and Telecommunications, Sebastian Burduja, Romanian Minister for Research, Innovation and Digitalizationand important industry leaders from finance, blockchain, Web3 and Metaverse, will learn about the expanded MultiversX scope, products and path forward.

https://multiversx.com

Contact

Marketing Manager
give voicu
MultiversX
dan.voicu@elrond.com
+40 (742) 684 900