Tech Startup MultiversX Starts Web3 'Super App' With Finance, Social Features

Metaverse-focused blockchain MultiversX has launched its xPortal "super app," combining complex elements of digital finance, artificial intelligence (AI) avatars and chat functionality into a compact mobile interface.

The app, available on Android and iOS, offers a suite of features like end-to-end encrypted messaging and a portal for Web3 apps and metaverse experiences, according to a press release.

"With just a few taps or the simple sending of a message, you can easily send and receive money, crypto and [non-fungible tokens], make payments, use a debit card, track investments and explore the financial, crypto and NFT ecosystems," the release says. In addition, users can create personalized avatars to enhance the experience.

"xPortal’s ability to make Web3 and the metaverse accessible to any smartphone user on 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, in the statement.

The company, formerly called Elrond, rebranded itself to MultiversX in November to signal a shift to metaverse and Web3 integrations built on its prior work as a layer 1 blockchain. The firm also recently announced that it is partnering with China's Tencent Cloud to help it expand its Web3 products.