Chainwire, Sibiu, Romania, November 4, 2022


Elrond, a business developing blockchain technology for the internet, has announced its rebranding as MultiversX. The corporation thus broadens its goal of creating the new internet economy to encompass the frontier of digital meta-space.


Three new goods are unveiled by the metaverse-forward corporation as the foundation for its evolution.

One of the main blockchain applications is xFabric, a sovereign blockchain module. Within minutes of deployment. completely adaptable. featuring a fantastic selection of features and applications for any creative, brand, or business.

A real SuperApp is xPortal. entrance to the Metaverse where your avatar lives. every financial aspect. an ATM card. Chat, socialising, and friends. everybody and everywhere can access it.

A world-building tool is called xWorlds. allowing the creation of an interconnected metaverse. starting with the first world. A platform called xWorlds was created in collaboration with Improbable to enable novel experiences that are tightly connected with xPortal and xFabric.

Beniamin Mincu, CEO and founder of MultiversX, said: "Incredible amounts of creative energy are being put into various intriguing metaverse concepts" (formerly Elrond Network). In order to prepare the ground for a positive sum game with high stakes, MultiversX is developing a collaborative framework and a composable toolbox. For redefining the front end of every business vertical as well as the full gamut of human experience.

The Elrond Network, technology, community, and ecosystem have been incredibly successful, and MultiversX will continue to build on that success. In order to spread Web3 technology, it will keep developing the ground-breaking, scalable blockchain protocol and tools.

Additionally, it will broaden and enhance the original scope and offer the singular chance for its millions of users and thriving ecosystem to pioneer the once-in-a-generation transition in society towards the metaverse.

The historic transformation will take place over a three-day conference at the Brongniart Palace in Paris, where Jean-Noel Barrot, the French Minister for Digital Transition and Telecommunications, Sebastian Burduja, the Romanian Minister of Research, Innovation, and Digitalization, and other significant industry leaders from the financial, blockchain, Web3 and Metaverse sectors will be introduced to the expanded MultiversX scope, products, and future directions.

5 Second Countdown Timer
Hurry up! 5 seconds left