funk

wanderer. part-time philosopher.

[funk @funkMvX]

20th of October, 2021.

I predict that Elrond will be in top 7 cryptocurrencies by 2027 with a market cap of $700 billion.

[Multiversᕽ @MultiversX]

https://t.co/VStVAa1M1V

[Multiversᕽ @MultiversX]

https://t.co/XUGnCPj2xa

[Denzel Rust @AdemLuz]

Everyone is always rooting for you. Your parents want you to be a great son. Wife wants you to be a great husband. Your boss wants you to be a slam dunk hire. Every first date you’ve ever been on they’ve been rooting for you to get laid. Every time you started to tell a joke people hoped it would have a hilarious punch line. Your proximity to anyone is a reflection of themself, meaning the deck is never stacked against you, and your failures are completely your own

[Multiversᕽ @MultiversX]

AI coding agents have become the primary authors of most software in 2026.

We're bringing them onchain.

[Naval @naval]

We’re searching for permanent satisfaction with an impermanent mind in an impermanent world.

[Daniel Veroc @Veroc_Daniel]

Every era is defined by what it can verify.
We made money verifiable.
We made contracts verifiable.
We made privacy verifiable.
Trust is next.

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

2026 is the year of the big reset.

The regulatory map has been redrawn across most of the world, and the financial and crypto environment with it. AI has already rewired how we conceive, build, and ship products, in ways most people are still catching up to. My conviction is that Supernova resets what blockchains mean, and what they can do, for institutions, for businesses, and most of all for the AI agents that are about to become the largest, most demanding users of digital infrastructure the world has ever seen.

Now, the time has come for Sergiu to move on, but he will always remain part of the xPortal / MultiversX swat team. Over almost four years, alongside the xPortal team, he made the product sexier, more useful, and more connected, bringing together ecosystems in a way that has elevated the experience, flow and defining moments for millions of users, on MultiversX and 15 other chains and communities.

One thing in particular I’ll look fondly on is the repeated drive to Cluj close to midnight, with the two of us sitting and talking long into the night about the next moves, the important and crazy ones, that would make xPortal more useful and more loved by its users. A heartfelt thank you to Sergiu, for building, pushing, and refusing to settle for the easy version of life. Go get the June 14th Ironman! Cheering loud from this side.

Shifting to what's next. xPortal enters a new phase.

We've been quietly preparing for this for some time. The team is well in place and in great hands, with a new internal lead stepping up in the role, taking the hard, focused steps the next phase demands. The first milestone of this new phase will be revealed in tandem with the SUPERNOVA GENESIS EVENT.

A moment to upend xPortal's experience, offering, and utility.

Engines are fired up.

Full steam ahead.

[Adam Bates @xAdamBates]

Always believed that @MultiversX was one of the best built chains with huge potential. Keep on building and believing @beniaminmincu

[funk @funkMvX]

Hey Claude, make the best Blockchain in the world, make no mistake, take your time

[Robert Sasu | dev/acc @SasuRobert]

All the best architecture, decisions, execution model, consensus model, decentralisation, security and safety in one place: MultiversX.

This is MultiversX!

When you can solve problems by a better design, we simply do it. No compromised. Never. Just all the best bits in a single place.

Others dream of this, we build everything.

[Multiversᕽ @MultiversX]

Last week in MultiversX 🌍

📊 MvX State of the Foundation Report released
🛣 Putting the report into perspective: thoughts by Beniamin & Lucian
🏃 Major developments since '24 by @CodeMultiversX
🤖 Substrate, Not Standards: the agent commerce stack starts at the rails
🚀 3,237 validators new high recorded by @chainspect_app
⚙️ mxpy v11.4.0: custom HTTP headers for proxy + faucet requests
⛓️ It's easy to set up an MvX Validator
🎤 @andreimmarinica's 8 years on a mission
🏫 HSE 2026 high school engineering projects sponsored by MvX
🍖 @veropay_ro is cooking
🛠 Weekly #multiversxtech

🙌 Ecosystem highlights: @ThePalmTreeNW • @stakenest_io • @HG_EGLD • @BubuMVX • @hellerbtc • @alain_trades • @andreimmarinica • @scribblesvc • @SasuRobert • @ansschweiger

🌎 MultiversX
9.20M accounts • 604M transactions • 14.5M staked

📲 xPortal
2.5M+ users • 100k+ users stake $EGLD

⚡️ xExchange
$4.66M TVL • 1M USD 7d Volume

[funk @funkMvX]

@eutaktospol Some people call that enlightenment

[Daniel Veroc @Veroc_Daniel]

Nobody built this on a budget like this.
And the truth is... nobody built anything remotely close to this even with an unlimited budget.

Solana, NEAR Protocol, and TON are still playing catch-up.

Sharding is the future.

Different league.

Bullish o $EGLD. Period.

[funk @funkMvX]

Buy elrond-erd-2:native

[Multiversᕽ @MultiversX]

https://t.co/Wwg9LbpvlU

[David Raymond @DavidRaymondRP]

The @MultiversX State of the Foundation report is a masterclass in transparency and resilience.

While the world faced financial instability, they didn't just survive, they rebuilt consensus, shipped 5+ major upgrades, and invested 10k+ hours into Supernova. 🛠️

This is exactly how we should all advance through tough times. Much respect. $EGLD

P.S. if you still blame MVX, read about Nike's crash and layoffs from just a few weeks ago due to stock sales pressures.

[DBCrypto @DBCrypt0]

Transparency the MultiversX community is always asking for

What is revealed is a harsh reality though:

One of the most technically advanced blockchains in the world running on fumes

With a 2026 estimated annual budget that is less than what some large chains and protocols spend monthly

One that is likely funded primarily from token sales

Where I am torn though is on the direction and the proposed budget

🔸Over 70% spent on Protocol R&D and product development
🔸20% for the developer platform
🔸5% going towards ecosystem grants
🔸4% towards marketing

100k in total allocated to marketing in 2026 for a chain that is mostly unknown to the Web3 space and the world at whole

A figure that is less than what it costs for a team to attend a single event

The team has mentioned on a couple occasions that they took a “build it and they will come approach” that didn’t pan out

Yet the 2026 roadmap seems to stay the course

So why am I torn and still bullish?

As I’ve said over and over again, we are still so incredibly early

Less than .1% of the world uses blockchain tech daily and right now the general perception of crypto and Web3 is garbage

Between presidential memecoins, billions in hacks, and a god aweful UX across much of the space, it is clear that we aren’t even close to escaping the dialup phase of Web3 yet

Remember Netscape browser? Yeah, that’s how early we still are in the scheme if things

Want proof?

Jump into any peptide chat that only takes crypto and see how much of a cluster F it is for most to figure out

Someone shouldn’t need a 10 step PDF detailing how to pay for a product

So is now the best time to be dumping millions into marketing campaigns while interest is at rock bottom and the system is mostly unusable?

We have teams fighting over who can get their token shown on the Las Vegas Sphere or logo painted on a NASCAR for 7 figures

That is the definition of dumb money and teams would be better off burning their tokens than spending it on dumb crap like that

Now is the time to be hardening the infrastructure
Securing it against future quantum risks
Improving the UX

Building a foundation that devs can actually create something meaningful on

The space as a whole has failed at that for the most part which is why we still have Web2 giants with more devs than the entirety of Web3

Some may argue that we already have winners and that network effects will carry them through

I’ll argue that there is no meaningful network yet

One hack. One crash. One takeover.

That’s all it would take to topple any of the major chains now and quickly shift the landscape

AOL, MySpace, Blockbuster, Blackberry, and dozens of other mostly forgotten brands had a bigger footprint on the world than any single protocol does right now

So until the framework is in place and we have something that truly improves the lives of millions or even billions, it is still anyone’s game

MultiversX seems to be taking an approach with that in mind and it may just be the winning one

[HG.EGLD ⚡️ π² @HG_EGLD]

$0 MARKETING CAMPAIGN WITH $100M IMPACT.

Here’s something I’ve been pushing hard since the first days of Invisible Guardian and on-chain 2FA.
@beniaminmincu @lucianmincu @SasuRobert @andreimmarinica

Picture a public wallet loaded with real $EGLD.

Say 100,000 EGLD pulled straight from the growth funds (we already have 416,000 sitting there).

Real money on the line, visible to the entire world.

This wallet goes live the exact moment Supernova mainnet launches.

Secured by the best stack in crypto:
- Invisible Guardian
- Native on-chain 2FA

EVERYONE will open it at least once.

They’ll see the millions sitting there in plain sight.
They’ll try to send the funds out just to test it.

Pure curiosity psychology.

Zero ad spend.
Zero paid influencers.
Zero traditional marketing budget.

Yet the organic reach, the social explosion and the nonstop conversations it creates, will hit harder than anything a $100M campaign could buy.

This is a hack only @MultiversX is having.

We already have the tech.
We already have the funds.
We already have full on-chain governance to vote it through.

All we need is the decision.

It’s a real visibility play that puts our actual strengths - unbreakable security, total transparency and real skin in the game - for the whole space to see.

Supernova is the reset.
This public wallet is the spark.

Let’s light it.

[Multiversᕽ @MultiversX]

Sub-second settlement, autonomous agent commerce, compliant payment rails, and a community-governed growth engine are not incremental improvements to what existed before.

They are the conditions for something that did not previously exist: a blockchain that can serve as infrastructure for the global economy, at the speed and scale that it requires.

The Foundation is ready.
The network is ready.

The work continues.

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

MULTIVERSX DEAD, THE NETWORK IS USELESS, PROGRESS IS HAPPENING TOOOOO SLOW, MARKETING, WHAT IS MARKETING?

Fair. Here's the fuller story.

Presenting the MULTIVERSX STATE OF THE FOUNDATION REPORT, 2ND Edition.

A few key highlights.

(a) 5 protocol upgrades. 6 governance proposals passed. Footprint down 60%.
(b) A full account for $EGLD holders, what was funded, what was built, what was ratified.
(c) A focused look at 2026, SUPERNOVA, and what comes next.

The picture is simple: the network has been rebuilt from the ground up. Set for a radical reset with the launch of SUPERNOVA. Ahead of this new GENESIS moment, we are documenting the work, clearing the record, and showing what was built.

There's one thing this team has been consistently known for, backed by the data: TECHNOLOGY SUPERIORITY, ENGINEERING EXCELLENCE, PRODUCTIVITY OUTPUT, that benchmarks at the top of the industry. Delivered with a team a fraction the size of our peers.

Some other things, I’ll say plainly, are far from optimal: chain focus, business pipeline, revenue traction.

SUPERNOVA is where we sharpen the first to a razor’s edge, and reforge the second.

The report is the receipt for the last two years, and the HIGH PERFORMANCE NETWORK WE HAVE LIVE TODAY.

Onward. To SUPERNOVA.

------

Read in full, here: https://t.co/miEIOOrwdQ

[funk @funkMvX]

@multiversxfndn Great work, everyone!