MultiversX Labs S.R.L.

To provide a scalable, secure, and decentralized blockchain infrastructure that abstracts away complexity and creates a user-friendly gateway for the new digital economy.

MultiversX is a high-performance blockchain platform designed to power decentralized applications, DeFi, and metaverse experiences at internet scale. The network processes thousands of transactions per second using adaptive state sharding and Secure Proof of Stake consensus, while maintaining energy efficiency. Originally launched as Elrond Network in 2017, the company rebranded to MultiversX in November 2022 to reflect its expanded focus on Web3, AI integration, and digital experiences. Based in Sibiu, Romania, with a distributed team of 51-200 professionals, MultiversX operates across 3,000+ validator nodes with over 434 million total transactions and 9.14 million on-chain addresses. The platform aims to bridge physical and digital environments, making blockchain technology accessible to mainstream users and enterprises.

Products

The ecosystem centers around xPortal, a comprehensive financial super app and non-custodial crypto wallet offering fiat-to-crypto debit cards, messaging, and digital asset management. xExchange serves as the platform's decentralized exchange, while xMoney provides cryptocurrency payment gateways for merchants. Developers use xFabric for customizable blockchain infrastructure and xWorlds for building metaverse environments. The platform also offers Sovereign Chains, allowing enterprises to launch dedicated blockchain networks tied to the main ecosystem. All products are powered by the native EGLD token, which facilitates network usage, staking, and governance across the interconnected platforms.

Funding

MultiversX has raised approximately $16.9 million across multiple rounds, including a $1.9 million seed round in June 2019 and a $3.25 million Initial Exchange Offering in July 2019. Key institutional backers include Electric Capital, Maven 11, NGC Ventures, and Binance Labs. The MultiversX Foundation reported a diversified treasury of roughly $105 million in late 2025, composed of EGLD tokens, stablecoins, and fiat. This capital reserve supports protocol research, ecosystem grants, and commercial ventures. In December 2024, the foundation launched 'Growth Games,' a $1.5 million annual grants program focused on blockchain and AI innovation.

Recent news

In February 2026, MultiversX integrated OpenAI and Stripe protocols to enable advanced AI-driven on-chain transactions and agentic commerce within its ecosystem.

Technology

The core infrastructure is built primarily in Go and Rust, with Rust serving as the main language for smart contract development through the SpaceCraft framework and WebAssembly (WASM) virtual machine. Frontend development uses TypeScript, JavaScript, and Python with React, Next.js, and Nuxt.js frameworks. Development environments leverage Docker-based containers, while backend services utilize Node.js and NestJS for microservices architecture. Infrastructure management includes RabbitMQ and Redis for message queuing and caching, with MongoDB and GraphQL handling data storage and API communication. The team has integrated AI models like Claude, Gemini, and GPT-4 into their xPilot agent for VS Code development assistance.

Benefits

MultiversX offers flexible working hours with comprehensive remote and hybrid work options across a globally distributed team. The company emphasizes diversity, inclusion, and continuous improvement within a collaborative engineering environment. A standout aspect is the company's environmental commitment - MultiversX operates as carbon-negative by offsetting 25% more CO2 than its network consumes through verified initiatives like the Bull Run Forest Project in Belize. Compensation packages include performance-based bonuses and token or equity-based incentives, allowing employees to share in the network's success while contributing to biodiversity protection and local social programs.