Over the next three days, our NewsBTC team will be covering xDay 2023, an event organized by MultiversX at the Romanian Parliament Building. Formerly known as Elrond, the project was renamed in 2022 and focused on the Metaverse, scalability and global adoption by simplifying user access to crypto.
Recaping the MultiversX Day 2 event
In the early hours of the morning, MultiversX CEO and co-founder Beniamin Mincu announced a partnership with major tech giant Google Cloud. The company has committed to helping the MultiversX maker community, and Google Cloud will secure all data running on this blockchain.
The partnership with Google Cloud is an important development for MultiversX, as it provides increased security and reliability to the project. With the support of Google Cloud, MultiversX aims to further improve its scalability and adoption in Metaverse.
Other important partnerships were also announced at the event, such as working with Axelar to improve interoperability with Telekom. This partnership will allow MultiversX to expand its reach and offer users a seamless experience across different platforms.
Representatives from various major technology companies, including Amazon Cloud, Deloitte and Tecent, also gave speeches during the event. They discussed topics such as gaming, driving development and adoption, and the convergence of gaming, Metaverse and Web3.
The presence of these industry leaders highlights the growing interest in the intersection of technology, gaming and blockchain. It indicates the potential for mainstream adoption of blockchain and its integration into various sectors.
In addition, prominent crypto personalities Alex Odagiu of Binance Labs and Danilo Carlucci of Morningstar Ventures shared insights on the importance of data in crypto investing. They discussed how investors use data to make investment decisions in both bull and bear markets.
The discussions and partnerships announced during the event created a sense of optimism among attendees. Despite the current bear market, the event’s ability to attract large audiences and significant partnerships show a positive outlook for the future of blockchain and crypto.
#MultiverseXthe blockchain technology built for large-scale solutions.
Combining AI, Big Data, Gaming, the Metaverse and more.
Everything is unfolding with 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, co-founder of Osmosis Labs. Osmosis is a leading decentralized finance (DeFi) protocol based on Cosmos, with over $3 billion in transaction volume processed according to Token Terminal data.
Aggarwal, who is a validator for MultiversX, shared his insights on the project. He discussed the early days of MultiversX, when it was known as the Elrond Network, and his involvement as an unofficial outside 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 application for finance, social interactions and payments. Aggarwal was impressed with the user experience and timely 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 cryptocurrencies than the technical details. Aggarwal agreed with this approach, stating that highlighting features like security and privacy are crucial to attracting core users.
The insights shared by Aggarwal and the focus on adoption presented by MultiversX demonstrate the ongoing efforts to make blockchain technology more accessible and user-friendly.
Cover image by MultiversX, chart by Tradingview