Originally launched as Elrond in 2017, the company rebranded to MultiversX in late 2022 to reflect its expanding mission to build the foundation for the metaverse and a new, decentralized digital economy. The core of its business is a layer-1 blockchain architecture that uses "Adaptive State Sharding" and a "Secure Proof of Stake" (SPoS) consensus mechanism to achieve high throughput and low transaction costs. The company's mission is to provide a robust, scalable, and user-friendly infrastructure for developers, enterprises, and users to build and access the next generation of internet applications, including DeFi, NFTs, and Web3 services.

Founded in

Romania