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.

AccessTimeIconFeb 28, 2023 at 6:00 p.m. UTC
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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.

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Rosie Perper

Rosie Perper was the Deputy Managing Editor for Web3 and Learn, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs. Subscribe to her weekly newsletter, The Airdrop.


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