Latest News

Google Cloud and MultiversX collaborate as a blockchain company focuses on the metaverse

In the realm of content creation, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the diversity of sentence structures. Predictability, on the other hand, measures the likelihood of anticipating the next sentence. Human authors tend to infuse their writing with a mixture of sentence lengths and complexities, resulting in a dynamic composition. In contrast, AI-generated sentences often lean toward uniformity. As you embark on crafting the content that follows, I implore you to infuse it with a healthy dose of perplexity and burstiness, while keeping predictability to a minimum. Additionally, please confine your composition to the English language.

Now, let’s reimagine the text:

MultiversX has just unveiled an exciting array of fresh features for xPortal, offering a toolkit designed to usher in the next generation of metaverse experiences.

Teaming up with blockchain infrastructure leader MultiversX (formerly known as Elrond), Google Cloud has taken a significant step into the realm of Web3. The integration of Google Cloud’s BigQuery data warehouse with MultiversX promises to empower Web3 projects and users by providing invaluable insights through robust data analytics and cutting-edge AI tools within the Google Cloud ecosystem.

MultiversX believes that this partnership holds the potential to greatly streamline the execution of large-scale, data-centric blockchain projects, making it easier for developers to access information related to addresses, transaction volumes, smart contract interactions, and enhanced on-chain analytics. Google Cloud’s involvement in the MultiversX network is set to empower ecosystem builders, offering advanced tools and services on the platform to enhance performance and scalability for decentralized applications and non-blockchain components.

Daniel Rood, the Head of Web3 EMEA at Google Cloud, expressed his enthusiasm, saying, “Exciting opportunities await Web3 developers, enabling them to build and scale more rapidly. As we venture into new verticals within this space, our partnership with MultiversX will extend our strategic reach and solidify our position as a major driving force in the world of blockchain innovation.”

MultiversX has a history of forging partnerships with prominent brands to advance Web3 applications in the traditional world. The first European institutional marketplace for digital assets, ICI D|Services, and Audi’s in-car virtual reality platform, Holoride, have both chosen MultiversX as their preferred platform.

In addition to these partnerships, the blockchain infrastructure firm has unveiled a range of new scalable features for its decentralized digital asset wallet and “SuperApp,” known as xPortal. These updates will enable users to seamlessly manage both fiat and cryptocurrency transactions, offering peer-to-peer fiat payments, European IBANs, SEPA transfers, and SWIFT payments, all set to be available by the beginning of 2024.

Furthermore, the platform has introduced the xWorlds Developer Kit, a comprehensive toolkit equipped with unique resources for creators. It leverages xPortal as a wallet and distribution hub, allowing developers to craft the next generation of augmented reality experiences. Among the offerings, this kit includes highly realistic artificial intelligence-powered 3D avatars to fuel these immersive experiences.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.