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Tech Startup MultiversX Starts Web3 'Super App' With Finance, Social Features
The metaverse-focused blockchain startup said its ambitious xPortal app will offer connection to Web3 apps and virtual worlds.
By Rosie Perper
Updated Feb 28, 2023, 6:00 p.m. Published Feb 28, 2023, 6:00 p.m.
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.
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"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.
T - 6 days.@xPortalApp marks a turning point.
— Beniamin Mincu | MultiversX.com 🔥🛠️ (@beniaminmincu) February 22, 2023
A SuperApp for digital finance, chat with friends, cool avatars, Web3 apps, and the Metaverse experiences.
A new chapter for the @MultiversX & #EGLD realm is about to begin.
⌛️https://t.co/CPEKrZvmMK pic.twitter.com/r5Qfi1Ou9J
"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.
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