Elrond (EGLD) becomes MultiversX and unveils an ecosystem built around the metaverse

The Elrond blockchain (EGLD) is making a shift towards the metaverse and Web3 and announces a total overhaul of its ecosystem for the occasion. Thus, Elrond becomes MultiversX and unveils a wide range of new tools for its users, parallel to a complete improvement of its already existing functionalities.

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Elrond changes its name and becomes MultiversX

Elrond (EGLD)the decentralized blockchain that aims to develop the Internet of tomorrow, announces a paradigm shift and becomes MultiversX, a complete new ecosystem focused on the metaverse and the digital world.

In other words, MultiversX will continue to operate through its blockchain and for all the tools that have contributed to Elrond’s success, whether in terms of technology, community or ecosystem as a whole. But today MultiversX extends its scope and wants create the opportunity for the Web3 community to be at the heart of the transition to the metaverse.

This small revolution revolves around the creation of different poles, namely xWorlds, xPortal and xFabric. These different solutions each have their particularities, but they have in common the ambition to accelerate the transition to the Web3.

Here’s what defines each of these new tools and what makes them unique.

xPortal, the gateway to the metaverse

xPortal is primarily defined as the evolution of the Maiar app that we already knew, but with the new goal of bridging virtual worlds and physical reality. To achieve this, xPortal will allow its users to create an avatar to evolve and stand out within the different metaverses, while still being able to interact with their own non-fungible tokens (NFTs) and their cryptocurrencies.

True social portal, xPortal will introduce a completely new messaging system so that everyone can chat with their friends and interact with the different communities. In addition, the application will now offer a true interactive experience thanks to an experience and levels system, always with the user in the foreground.

Beyond the Web3 experience, xPortal will also allow any user to be rewarded in cryptocurrencies during its immersion in the various metaverses. Additionally, xPortal will provide access to many now essential tools, such as internal trading, farming, staking, or even interacting with various decentralized applications of the MultiversX network.

In the end, for the first timepeople who wish to interact in the metaverse will have the opportunity to do so own a virtual credit card as part of a partnership with Mastercard. And precisely to ensure the connection between the physical world and the virtual world, the latter will also be able to have a card in the real world.

xFabric, the democratized Web3 for creators

Deployable in minutes and fully customizable, xFabric is a blockchain module built around a single goal: to enable creators, brands and institutions to set foot in Web3 without having to worry about a single line of code.

With the aim of starting a new wave of creativity, always with the aim of mixing Web3 and the real world, xFabric wants enable creators to earn a living with their digital works. This new tool has chosen to focus on security, as it will incorporate its “Deep Truth Module”, a natively implemented solution that ensures users’ digital integrity.

Also, as far as brands and companies are concerned, xFabric will offer them a turnkey solution for take the turn of Web3 without the technical clutter which usually involves.

xWorlds, the hyper-realistic metaverse

Presented by Beniamin Mincu, CEO of Elrond and now from MultiversX, xWorlds is the name of the metaverse of this new ecosystem that will be accessible to all from next year.

xWorlds will act as an open, persistent and hyper-realistic universe that tends to host, among other things, businesses and businesses in addition to its users. This universe will be available in beta from 10 December to test the scalability of the project with already 10,000 people expected.

note that xWorlds is built in collaboration with Improbablethe Web3 company specializing in the metaverse, which focuses in particular on the development of Otherside, the metaverse of the iconic NFT collection of the Bored Ape Yacht Club (BAYC).

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MultiversX undertakes its share of changes

Many improvements are also made to the various existing tools of the Elrond ecosystem, such as a total overhaul of its decentralized exchange (DEX)which will now be called xExchange.

In order to further highlight its dedicated NFT hub, Inspire.art becomes xSpotlight and renews its architecture so that the most successful and refined projects are brought to the fore. so that their creators are more rewarded for their work.

Finally, the Maiar Wallet changes identity and will now be called xWallet, UTrust becomes xMoney, Elrond Explorer becomes xExplorer, Elrond Bridge will be called xBridges and finally Maiar Launchpad will take the name of xLaunchpad.

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