MultiversX Debuts xPortal Super App: Details
- MultiversX introduced a new product called xPortal Super App, a platform capable of integrating digital finance, money, and crypto with social features.
- The product was first introduced at the xDay in Paris and it was revealed that the goal is to onboard around 1 billion users to the application.
- “Several bugs and issues have been fixed and two new releases with improvements have been submitted for both IOS and Android,” confirmed CEO Beniamin Mincu.
- Elrond (EGLD) blockchain rebranded last year to MultiversX to focus more on metaverse and Web3 initiatives.
MultiversX, formerly known as Elrond (EGLD), has announced a new product for its users called the xPortal Super App which is capable of integrating digital finance, money, and crypto with social features such as end-to-end encrypted messaging and AI avatars, enabling users to send and receive money, crypto, and NFTs, make payments, use a debit card, track investments, and explore the financial, crypto, and NFT ecosystems in one place.
According to a press release shared with the media, the blockchain network Elrond, which rebranded to MultiversX to focus on the development of the metaverse, as reported earlier by Bitnation, plans to onboard close to 1 billion users on the platform, which has gathered close to 1.1 million users in the last year alone during its first iteration.
The founder and CEO of the metaverse-focused blockchain platform, Beniamin Mincu, noted the development on social media platform Twitter, stating that several bugs and issues have been fixed and two new releases with improvements have been submitted for both IOS and Android. Interestingly, once approved, “app flow and UX will feel very smooth,” said Mincu.
The response from the crypto community has mostly been positive, with many people stating that the UI of the xPortal Super App is “amazing.”
“The xPortal Super App is an instrumental step on our mission to build the backbone for a new digital financial system that spans across the physical and the metaverse world. Our ambition is that everyone, no matter where they are or what their background is, should have easy access to secure and efficient financial services that can help them achieve their goals and live their best lives. All this becomes available today.” said Mincu, MultiversX CEO.
It is crucial to note that MultiversX confirmed that with just a few taps or the simple sending of a message, users can easily send and receive money, crypto, and NFTs, make payments, use a debit card, track investments, and explore the financial, crypto, and NFTs ecosystems. Furthermore, xPortal also allows users to “personalize and unlock new experiences” by creating cool AI avatars and enabling interactions and messaging with friends, “all within a secure and private environment.”
The xPortal Super App will also allow the users to access the App Store, which will contain numerous Web3 applications and provide exposure to metaverse and Web3 events. It is also crucial to note that MultiversX’s new product was demoed last November at the xDay in Paris and has since piqued the interest of many.
”xPortal’s ability to make Web3 and the Metaverse accessible to any smartphone user in the world, shifts the entire conversation around all-accessible digital experiences from a distant vision of the future, into a reality today,” said Sergiu Biris, MultiversX Labs Head of Product.
Last year, after its rebranding, the blockchain platform debuted its first product, called xFabric, which was described as a blockchain module capable of heavy customization that is ready for deployment in just minutes. xPortal is the second product from the metaverse platform, while the final one will be xWorld, a network of interoperable metaverses.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
