Blockchain company Elrond is rebranding as MultiversX to increase its work on the metaverse.
Facebook changed its company name to ‘Meta’ last year to better reflect its metaverse moves. With this change, the name of the social media platform remained Facebook. However, Facebook, Instagram and WhatsApp are now under the ‘Meta’ company. Meta’s move has inspired many tech companies. Finally, blockchain startup Elrond has joined these companies. Elrond announced that he has changed the name to make the metaverse work better. The company’s new name was MultiversX.
Elrond Focuses on Metaverse with New Branding Step.
Proud to be at #XDayParis to celebrate #MultiversX. The world is about to get blown away by all this Romanian magic. Paris already is. I’m honored to represent 🇷🇴 at this historic moment. To all you dreamers and builders out there: keep fighting and make humanity better. Game on! pic.twitter.com/VrvfluqNmE
— Sebastian Burduja (@Tianu) November 4, 2022
Blockchain project Elrond has also changed its name to MultiversX to reflect its metaverse focus. The company aims to advance Web3 technology by developing products related to the metaverse. In addition, the company aims to take its previous work forward. With the rebrand, Elrond follows the lead of social media giant Facebook, which rebranded as Meta last year. At press time, the Elrond (EGLD) cryptocurrency is trading at $60, up 0.25 in the last 24 hours.
Finally, many things are done in the virtual worlds on the Metaverse platform, from buying plots to playing games. This enables the metaverse to strengthen its new reality. Also, Metaverse is a conceptual world where the internet theoretically becomes an immersive virtual environment for work, play, socializing and events. The word metaverse was coined by Neal Stephenson in his 1992 novel “Snow Crash”. It inspires many companies today.