Thread by @erd0xbc

Incredible 🔥 alpha dropped. Valuable insight into product development & strategy. A few personal notes from the recent spaces w/ @beniaminmincu. Everything rises and falls on leadership; @MultiversX is in good hands. 📚😎

Understanding MultiversX is understanding that #Elrond built one of the most exciting blockchain architectures. A first principle design means you can't just copy the EVM. After extensive research & thinking deeply, the conclusion becomes evident that there is an opportunity. [1]

An opportunity for a larger expansion to everything that #ElrondNetwork was. This is a #Multiverse to the power of X. An elegant positioning between the physical world and the #metaverse. The complete vision was unveiled at xday.com. [2]

X Day was not a random occurrence. Ministers of digital innovation were engaged for a reason. Many initiatives are happening behind the scenes. E.g., the @coinbase listing was in the works for two years. People will soon discover what was there but not seen. [3]

Product development is two-fold: (i) looking far into the future & (ii) being as pragmatic as possible. Released products follow an iterative approach, collecting feedback & adjusting. The team is focused on outcomes that add value. [4]

A high degree of confidence in the current roadmap and timelines. However, these dates are "hacks" that help the team move mountains. Adjustments may come if important opportunities are noted that improve desired outcomes. [5]

multiversx.com/roadmap

A critical mental model is the network layer & app layer. Validators secure network; unique UX. While different personas will engage with the app layer with various UX. E.g., @xPortalApp, #xFabric, & #xWorlds on mobile or desktop. [6]

@xExchangeApp is a DEX, a building block, or a financial primitive meant to cater to a certain persona. AMMs are not designed for the avg user. Any complexities are to be abstracted away via UX, e.g, @xPortalApp. xPortal unlocks DeFi with just a tap. [7]

The economical layer, $MEX $XMEX energy et al., is essentially bootstrapping of the core DEX activities. Helping to accelerate & incentive behavior to contribute to liquidy flowing to the DEX. Simple UX depends on the core engine. [8]

Regardless of the market, @MultiversX will experience a DeFi summer. As @beniaminmincu stated, "a new adoption wave." Simplifications, automation (auto farms), upgrades to speed, lower cost, and more incentives. [9]

Expansion of core activities on @xExchangeApp, like new trading pairs, liquidity, and more tokens. Advanced DeFi: lending and stable swaps. The 2023 roadmap will be bright for #MultiversX DeFi. [10]

#Maiar brought the first million by simplifying crypto. Onboarding, staking, & herotags all non-custodial. @xPortalApp, the SuperApp, will drive @MultiversX toward escape velocity. [11]

.@xPortalApp is more than a crypto app; several apps in one UX. A portal to the #multiverse. With all the features coming on Feb 28 (as an upgrade), the team looks forward to community feedback and fast interaction for improvements. [12]

More users are key, so this next phase intends to put @MultiversX at the epicenter. The most useful app in Web 3, why not in the metaverse? Strategic partnerships with other chains and dApps are being explored. What can accelerate adoption? [13]

Cards will be the cherry on top. Allowing physical world usage of your digital assets. Initial launching in the EU region as there're regulatory implications. As central banks and financial institutions see positive progress, expansion is possible. [14]

It boils down to the network being used & people developing on it, AND users using apps like xPortal to drive adoption. Reaching a larger target market requires different thinking. @MultiversX has focused on building apps that will attract builders & business use cases. [15]