In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, scalability, and global adoption by simplifying users’ access to crypto.
Summarizing The MultiversX Event, Day 2
In the early hours, the CEO and Co-Founder of MultiversX, Beniamin Mincu, announced a partnership with big tech giant Google Cloud. The company pledged to help the community of MultiversX builders, and Google Cloud will secure all data running on this blockchain.
The partnership with Google Cloud is a significant development for MultiversX, as it provides increased security and credibility to the project. With the support of Google Cloud, MultiversX aims to further enhance its scalability and adoption in the Metaverse.
The event also saw the announcement of other major partnerships, such as the collaboration with Axelar to improve interoperability with Telekom. This partnership will enable MultiversX to expand its reach and provide users with a seamless experience across different platforms.
Representatives from various big tech companies, including Amazon Cloud, Deloitte, and Tecent, also gave speeches during the event. They discussed topics such as gaming, driving growth and adoption, and the convergence of gaming, the Metaverse, and Web3.
The presence of these industry leaders highlights the growing interest in the intersection of technology, gaming, and blockchain. It signifies the potential for the mainstream adoption of blockchain and its integration into various sectors.
Furthermore, prominent figures from the crypto space, Alex Odagiu from Binance Labs and Danilo Carlucci from Morningstar Ventures, shared insights on the importance of data in crypto investing. They discussed how investors are utilizing data to make investment decisions in both bullish and bearish markets.
The discussions and partnerships announced during the event have generated a sense of optimism among attendees. Despite the current bear market, the event’s ability to attract a large audience and the significant collaborations indicate a positive outlook for the future of blockchain and crypto.
#MultiversX, the blockchain tech built for large-scale solutions.
Combining AI, Big Data, Gaming, the Metaverse and beyond.
All unfolding at unprecedented speed. pic.twitter.com/eh431p4x8R
— MultiversX (@MultiversX) October 20, 2023
Interview With Sunny Aggarwal, Co-Founder At Osmosis Labs
During the event, our team had the opportunity to interview Sunny Aggarwal, a co-founder at Osmosis Labs. Osmosis is a leading decentralized finance (DeFi) protocol built on Cosmos, with over $3 billion in trading volume processed according to Token Terminal data.
Aggarwal, who is a validator for MultiversX, shared his insights into the project. He discussed the early days of MultiversX, when it was known as Elrond Network, and his involvement as a non-official external consultant since then.
One of the key features of MultiversX that Aggarwal highlighted is xPortal, their flagship product. xPortal aims to provide users with a unified app for finances, social interactions, and payments. Aggarwal was impressed with the user experience and early understanding of UX principles demonstrated by the MultiversX team.
During the event, MultiversX emphasized the importance of adoption and simplicity in their message. They believe that users are more interested in the benefits and security of cryptocurrency rather than the technicalities. Aggarwal agreed with this approach, stating that highlighting features such as security and privacy is crucial for attracting mainstream users.
The insights shared by Aggarwal and the focus on adoption showcased by MultiversX demonstrate the ongoing efforts to make blockchain technology more accessible and user-friendly.
Cover image from MultiversX, chart from Tradingview
