Crypto Elrond gets a makeover with MultiversX

Updated on 04 November 2022 at 15:20.

The much awaited X-Day community event ofElrond crypto, is currently taking place in Paris at the Palais Brongniart from 03 to 05 November 2023

Let’s take stock of this first day, where notifications kept coming in all directions: Metaverse, bank card…

Xday Paris: the long-awaited conference

Once again the capital of France has been chosen by the sector Web 3.0 as a basis with the organization of the conferenceElrond.

In the program, a multitude of interventions from the actors of the project, but also from the ecosystem.

We also find speakers from political life such as the Romanian minister Sebastian Burduja responsible for research and innovation or Jean-Noel BarrotDelegate Minister responsible for Digital Transition and Telecommunications.

The first day consists of summarizing all the progress made by Elrondand to introduce new products that reshape their future.

The second day will be dedicated to him Web 3metaverse, blockchain and business prospects of this new economy.

Finally, to conclude the event, an awards ceremony will take place to reward the community and partners who have invested in the development of the project.

Since the beginning of the conference, Elrond Crypto quickly gets to the heart of the matter by announcing a rebrand and is now called MultiversX :

Introducing MultiversX during the X-Day conference

This new name immediately makes us think of the world of the Metaverse.

This is indeed the case, because they intend to develop an ecosystem around virtual reality in a different format that we know.

Beniamin Mincu, CEO ofElrondstates that the current Metaverse does not reflect the range of possibilities of this new language and should not be limited to the gaming market, and cryptocurrency.

Thus, he wants to give another dimension to this parallel world, opening up more on the side of education and social interaction.

This ambition is also found in their range of tools that they intend to implement.

Elrond crypto innovations with their Super APP

MultiversX announces that it is moving fast in decentralized finance, and in WEB 3.0 bringing something new to their Super APP.

Economic entity X-money brings together the payment service using their various bank cards in partnership with MasterCard and the two companies they bought: Utrust and Twispay.

The application allows the direct exchange of tokens Elrond in euros to spend directly from the latter.

Regarding for bank cards, they will be launched in the first quarter of 2023 and will offer cashback.

X-wallet app interface and representation of their bank card

X World as for him for him, it is an engine of world creation, a network of Interoperable Metaverses.

The goal is to create bridges between the metaverse and the real world.

For example, the user in the virtual world will have the opportunity to win cryptocurrenciesand spend them on a physical token to purchase a tangible good.

The beta version is available to the first 10,000 users Next December 10.

For the Maiar app, the conversion to perspective because it also changes its name and becomes xPortal.

Considered as MultiversX Super APPbecause it groups portfolio functions not guardianshipmeans Challenges and management of NFT.

He adds a string to his bow by offering one decentralized messaging within MultiversX.

Elrond continues to surprise us with this GAFA-worthy presentation, and has managed to bring together and federate important players who contribute to the development of blockchainAND Web 3.0.

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