MultiversX
MultiversX is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
$1.9m | Early VC | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 218 % | 42 % | 202 % | 95 % | 10 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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MultiversX, formerly known as Elrond, is a decentralized blockchain network that was first introduced in 2017. The company was co-founded by CEO Beniamin Mincu, who had previous experience with the NEM core team, and his brother Lucian Mincu, along with entrepreneur Lucian Todea. The Mincu brothers combined their technical and entrepreneurial skills to address the issue of blockchain scalability.
The company operates as a layer-1 blockchain, positioning itself as a scalable, secure, and developer-friendly alternative to other smart contract platforms. The network is designed to support next-generation applications by being decentralized through a large number of nodes. The business model of MultiversX is centered around its native utility token, eGold (EGLD), which is used for all transaction processing costs, running smart contracts, and rewarding validators.
MultiversX offers sovereign blockchain modules and core blockchain applications that can be used by both individual users and businesses. The platform aims to provide a high-throughput and low-latency environment for developers to build and deploy their decentralized applications. The company has raised $16.9 million in funding from various investors, including Electric Capital.
Keywords: blockchain, layer-1, smart contracts, decentralized applications, scalability, eGold, EGLD, Web3, high-throughput, developer-friendly
Tech stack
