Elrond launches xPortal: crypto for all

Elrond, now MultiversX Labs, has launched xPortal, to expand access to crypto and Web3 to everyone. The new Super App includes digital finance with crypto and NFTs, end-to-end encrypted messaging and AI avatars.

Elrond rebranded to MultiversX and the new xPortal Super App for crypto, Web3 and metaverse

Elrond, which rebranded to MultiversX specifically to expand its applications in the Web3 and Metaverse sectors, has launched xPortal, its new Super App.

Essentially, it is a Super App that wants to offer its users, for the first time, a suite of incredible features designed to seamlessly integrate digital finance, money and cryptocurrencies, with features like end-to-end encrypted messaging and AI avatars.

Not only that, xPortal aims to become an easy-to-use portal for Web3 apps and metaverse experiences.

Hence, with just a few taps or the simple sending of a message, it will be possible to easily send and receive money, cryptocurrencies and NFTs, make payments, use a debit card, track investments, and explore financial, crypto, and NFT ecosystems.

In the portal, it will also be possible to customize and unlock new experiences by creating AI avatars and enabling interactions and messaging with friends, all in a secure and private environment.

In this regard, Beniamin Mincu, CEO of MultiversX Labs, said:

“The xPortal Super App is an instrumental step on our mission to build the backbone for a new digital financial system that spans across the physical and the metaverse world. Our ambition is that everyone, no matter where they are or what their background is, should have easy access to secure and efficient financial services that can help them achieve their goals and live their best lives. All this becomes available today.” 

MultiversX and the new challenge “xPortal Fortification Quest”

In a roundup of tweets, Mincu was again keen to describe the progress of xPortal’s work, announcing that there will soon be a new challenge: the “xPortal Fortification Quest.” 

Basically, Mincu stresses that the release of the new Super App will want to directly involve the community so that everyone can test it together while it is in its Beta version.

On the web page dedicated to “xPortal Fortification Quest,” users will be able to leave their feedback after having actually tested the Super App, while also receiving in return a special reward from SFT scheduled for 15 March.

In this regard, Mincu also pointed out that some features such as chat and avatars were intentionally released very early, so that the fun of fixing any limitations or bugs would happen together with the community.

xPortal will be available on both iOS and Android. Sergiu Biris, MultiversX Labs product manager, commented:

“xPortal’s ability to make Web3 and the Metaverse accessible to any smartphone user in the world shifts the entire conversation around all-accessible digital experiences from a distant vision of the future into a reality today.”

The price trend of the crypto Elrond (EGLD)

The crypto of MultiversX, formerly Elrond, EGLD, has seen a 10% drop in price over the past seven days. At the time of writing, EGLD is worth $48.32 compared to $53.5 seven days ago.

This is no different from the general trend of crypto assets, led by Bitcoin (BTC) and Ethereum (ETH), which have also recorded a small price dump in the past week.

EGLD remains among the top 50 cryptocurrencies in terms of market capitalization, with a total market cap over $1.2 billion and a crypto market dominance of 0.11%.

Its ATH (All Time High) of $490 recorded in November 2021, suggests that EGLD‘s price is now -1000% from its highest price levels. 

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