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Who is Elrond & how will he transform into multiversx?

The blockchain developer announced it will transform into MultiversX, as it shifts focus to metaverse development and introduces three new products. Blockchain technology developer Elrond announced it will redefine itself as a new brand with a focus on the metaverse.

When did Elrond become multiversx?

Elrond transformed and expanded into MultiversX in November 2022, during the first edition of xDay at Paris. What is EGLD? EGLD is the native cryptocurrency of the MultiversX network. It is used to pay transaction fees, governance, and staking on the network.

What will multiversx do with the Elrond network?

MultiversX says it plans to continue to build off the community and groundwork the Elrond Network has already put in place, such as existing technologies and the ecosystem. Mincu said the Elrond community has always been supportive of new developments:

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