Elrond, developer of blockchain technology It announced that it will rebrand itself as MultiversX as it shifts its focus to metaverse development and introduces three new products: xFabric, xPortal and xWorlds, three new tools aimed at helping creators and users alike. metaverse
These tools include a metaverse portal, a digital asset holder, creator utilities for creators, and an deployable blockchain module.
Commenting on the rebranding, MultiversX CEO Beniamin Mincu said: “We are now in a position to create a larger path to growth, acceptance, and utility for the real world and the metaverse.”
MultiversX said it plans to continue building the community and foundation of the Elrond network, such as existing technologies and ecosystems, with Mincu saying that the Elrond community has always supported new developments:
“To create a masterpiece You have to look at the world differently. And the community is always appreciative as we make great strides.”
Despite recent reports of low metaverse engagement, companies are still moving forward, with Meta and Microsoft recently bringing Office 365 apps to the metaverse and its tax authorities. Norway has also opened an office in Decentraland to reach the new generation.
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