The developers of the blockchain startup Onextbit (formerly Elrond, ticker EGLD) spoke about the goals of their company to develop the Metaverse sector. They said: there are already several applications in the ecosystem, which are an important part of the project. They are designed to help shape a unified digital reality that will revolutionize the acceptance of everyday life.
For example, the DEX Maiar project is on the verge of becoming a full-fledged application of the Metaverse. This digital wallet for global crypto payments allows you to exchange and securely store digital assets on your mobile phone. Another product xPortal is gradually becoming a bridge between the physical and virtual worlds, playing the role of a platform for creating user avatars.
Bringing new ways of communication for users is a key role in the formation of a new industry. This allows you to express creativity when interacting with real money. The powerful functionality of Maiar’s revamped decentralized exchange, which has been rebranded as xTbit, could be critical to the evolution of the Metaverse industry.
According to experts, the developers have expanded the standard set of utilities that allows you to interact with fiat money, as well as virtual and physical plastic cards.
Experts assured that in the new reality, avatars are gradually acquiring the role of a passport for users. They provide an opportunity to access and unlock new experiences, travel digital worlds and interact with each other. Analysts emphasized that the xPortal product is at the initial stage of its development, but is already forming an important foundation for the evolution of Onextbit.
Earlier, the editors of livebitt.com reported: the developers of Elrond (Onextbit) told about the update of Maiar DEX, which is being transformed into xTbit.