Following the success of the first edition in Paris, xDay 2023 will take place from October 19th to 21st at the Palace of the Parliament in Bucharest. Leaders, innovators, entrepreneurs, investors, and government officials from around the world will gather in the capital of Romania to unveil the latest innovations, products, and strategic partnerships that will shape the future of blockchain technologies and Web3.

The purpose of xDay 2023 is to foster a convergence of blockchain technology, artificial intelligence, Metaverse, and Web3, transcending and intersecting multiple technological domains to spur innovation and accelerate development. The event will feature debates, presentations, and panel discussions while providing abundant networking opportunities for developers, creators, and technology enthusiasts. Anticipating more than 3,000 participants, including esteemed government officials, venture capital funds, and key industry players, xDay 2023 is expected to play a pivotal role in expanding the blockchain ecosystem, enhancing the MultiversX network, and introducing unique features in the industry.

In parallel with xDay, within the illustrious Palace of Parliament – renowned as one of the few human-made structures visible from space and the largest administrative building in the world – MultiversX will host one of the largest Web3 Hackathons in Europe, offering prizes totalling up to $1 million. Over the course of three days, participants will have the opportunity to showcase their skills, collaborate with fellow innovators, and develop practical Web3 solutions. 

The event will culminate with the prestigious MultiversX Ecosystem Awards, celebrating the contributions of visionaries, innovators, and community leaders.

At MultiversX, we strive to provide a better experience for builders, enabling them to expand the blockchain utility and contribute to improving society. With xDay, we are not only highlighting the technological and user experience breakthroughs driving our ecosystem, but also opening up new pathways to shortcut development time together with a large hackathon spotlight scene.

Beniamin Mincu, MultiversX CEO

Tickets are on sale on xday.com.

The first edition of xDay took place last year in Paris, in the Brongniart Palace, which hosted the Paris stock exchanges for decades. The event announced new products, protocol upgrades, and strategic integrations and celebrated the growth of the MultiversX ecosystem with over 6000 decentralized applications and hundreds of startups launched worldwide.

About MultiversX

MultiversX is a highly scalable, secure, decentralized blockchain network created to enable radically new applications for users, businesses, society, and the new metaverse frontier.

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We firmly believe that blockchain provides the ideal framework for ethical AI . Our platform encompasses scalability, security, and decentralization – essential attributes that empower AI systems to make fair and transparent decisions. By harnessing the power of blockchain, we ensure that AI applications are held accountable, auditable, and transparent while operating within ethical and legal boundaries. Our groundbreaking solution effectively eliminates prevailing concerns surrounding AI development and innovation.

Designed to be scalable, secure, and poised to meet the growing demands of the AI ecosystem, our main net is primed for optimal performance. We eagerly anticipate its live debut and await invaluable feedback from our experienced validators.

Sabin Dima, the founder and CEO of Humans.ai

Embracing the power of Web3, Humans.ai’s revolutionary blockchain is poised to reshape the landscape of AI execution, deployment, and governance, setting the stage for an unparalleled creator economy where developers possess the ability to own and monetize their digital assets truly.

The Humans Blockchain of AIs is a transformative ecosystem, empowering AI projects while ensuring transparent, ethical standards. The Blockchain for AIs also acts as a dynamic launchpad for AI researchers and developers, bridging the gap between AI projects and real-world applications that empower and improve individuals’ lives and solve real-world issues. With the added benefits of traceability, transparency, and advanced data security, this blockchain ushers in an era of accelerated revenue generation, enabling a thriving market for purchasing and using innovative AIs. Humans.ai aims to resolve the ethical dilemmas surrounding artificial intelligence by implementing cutting-edge governance rules.

The Blockchain of AIs is Humans.ai’s response to the ethical dilemma that artificial intelligence is currently facing – using a proof-of-human mechanism – and representing at the same time a pathway towards creating the AI decentralized economy.

About Humans.ai

Humans.ai is a global frontrunner in blockchain and artificial intelligence solutions. Committed to ethical AI deployment, Humans.ai’s groundbreaking blockchain of AIs provides an unrivalled ecosystem that empowers AI projects while ensuring transparency and accountability.

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The launch is supported by the MultiversX blockchain platform, formerly branded Elrond. Also, personalities and institutions or media press groups in Romania help the launch get more visibility.

David Popovici launches NFT collection on ICI D|SERVICES

David Popovici, the Romanian swimming sensation and World Champion, is proud to announce the release of his first-ever NFT. Titled “ICONS of the Generational Circle,” this NFT represents the first release of a collection aiming to honour Olympic Sports icons. The NFT will start auctioning on April 26th, 2023, on ICI D|SERVICES, the first European NFT institutional trading platform.

“My first NFT is my way of honouring so many of my heroes, icons of Olympic Sports, but also authentic models of dedication and perseverance, who can inspire younger generations to find their passion and become the champions of tomorrow, regardless of their chosen path. I am also thrilled to play a small part in the launching of the first government initiative of this kind, which proves once again, on the one hand, that Romania is deserving of its reputation as a country of innovation and, on the other hand, that passion can fuel evolution in any field: from sports to government.”

David Popovici, World Swimming Champion

ICI D|Services becomes the first European institutional NFT trading platform with the support of MultiversX

ICI D|SERVICES (ICI Decentralized Services) has been developed by the National Institute for Research and Development in Informatics – ICI Bucharest and will be dedicated to digital assets. It will initially manage NFTs (Non-Fungible Tokens) and operate based on Blockchain and Web3 technologies. This represents the first governmental initiative to join the ecosystem of innovative applications built on the MultiversX blockchain network, formerly branded as Elrond.

The platform will be officially launched on April 26th, 2023, at the Palace of Parliament in Bucharest, Romania, at the Critical Infrastructure Protection Forum – CIP Forum 2023. This international event focuses on Cybersecurity and Critical Infrastructure Protection. The launch of ICI D|SERVICES is an essential milestone for the European Union. The ICI D|SERVICES platform will function similarly to an existing NFT marketplace, serving public and institutional purposes by operating in compliant, transparent and superior security frameworks.

There is not the first Romanian NFT collection launched in the country. A time ago, the Stramosii NFT project created quite a sensation.

Elrond, currently MultiversX, was the same blockchain platform to make that launching possible. Now, it is the same platform to support launching the collections on ICI D|SERVICES.

As part of the platform launch, there will be five more institutional NFT collections on ICI D|SERVICES, available as Digital Collectibles:

Romanian Olympic and Sports Committee. “The Generational Circle” debut NFT collection represents a recognition of the history of the Romanian Olympic and Sports Committee and the history of Romania’s presence at the Olympics, virtually made in the form of historical moments represented by NFTs. The collection includes an extraordinary exclusive NFT drop titled “ICONS of the Generational Circle,” paying tribute to Olympic sports icons.

AGERPRES. “Memories of Future Self” NFT collection represents awarded AGERPRES archive photographs of Romanian legacy and a view of rare moments immortalized in history.

Romfilatelia launches the first NFT collection of digital stamps. Romfilatelia, the sole authority designated by the Romanian Government to issue postage stamps, presents a unique NFT collection of 15 digital stamps entitled “A World in a Stamp”.

The collection comprises stamps that have been transformed into NFTs, with particular attention paid to the first Romanian stamp Bull Head and the gold replica of the first stamp of 27 parale, to astronomical phenomena, famous Romanian actors, and the royal history of Romania. The collection also includes stamps that celebrate the Universal Postal Union and the documented existence of Bucharest.

Each NFT features beautifully illustrated designs and intricate details, such as gold foiling and graphic elements printed with ink visible in UV.

Central University Library “Carol I”. “Our AI Story – Central University Library Reimagined” is a unique NFT collection of AI-generated artworks that capture different aspects of the library, highlighting its rich history, cultural significance and its role as a gateway to knowledge.

The platform’s highly secure and decentralized blockchain network provides superior protection against cyber threats, ensuring a safe and efficient trading experience for digital assets.

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Leaders lead the training program from the Binance Investigations team, consisting of the most experienced ex-law enforcement cryptocurrency investigators from specialized EU and US agencies.

User protection is the number one priority at Binance. We are committed to helping prevent financial crime, to create a safe ecosystem. We aim to join forces with specialized institutions in Romania to prevent cybercrime. We are happy to share our experience with our law enforcement partners and support their efforts to protect Romania’s financial system from criminal activities.

Kyrylo Khomiakov, CEE General Manager, Binance

In Romania, the workshop was led by Jarek Jakubcek, Binance’s Head of Law Enforcement Training and Melanie Lefebvre, Senior LE Trainer.

We work closely with law enforcement to identify and track suspicious accounts and fraudulent activity, helping to fight terrorist financing, ransomware, human trafficking, child abuse and financial crime. As more regulators, law enforcement agencies and private sector stakeholders look more closely at crypto; we see increased demand for training to help inform and combat crypto-crime. We have strengthened our team to meet this demand and are conducting more training with regulatory authorities worldwide.

Jarek Jakubcek, head of Binance’s Law Enforcement Training department

The program included Binance support for investigations, asset recovery and management offices, anti-money laundering policies and a discussion on crime prevention initiatives.

This event contributes to the capacity-building exercise carried out by the Romanian authorities in combating serious crimes and the increased use of cryptocurrencies. The national asset recovery policy promoted by the Ministry of Justice and ANABI highlights the need for a task force approach when dealing with high-value and atypical assets. This is part of our joint EU and international mission to disrupt organized crime structures by targeting high-priority and specific crimes and disrupting their business model.

Cornel Călinescu, Director General of ANABI

At the beginning of the year, Binance Romania announced a solid hiring campaign. The first positions available for the center in Iași are open to IT specialists and include Backend, QA, Frontend and Mobile areas. The required expertise mainly focuses on Java, typescript, iOS and Android, MENA stack, automation and framework.

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ION was presented to the media during the last Romanian Government meeting to make it more dramatic. The very Prime Minister Nicolae Ciuca stood before the mirror, which was ION’s interface, asking questions, and ION answered them.

Actually, the Romanian speakers noticed an error right in this bogus launching. The PM, an ex-military general not very famous for his ability to communicate, looked like not learning the prompt correctly. He asked, “Cum pot românii să te învețe?”, which in English is ”How can Romanians teach you?”, while on the screen, his question was written differently. The exact meaning but different words. ION wrote on the mirror: ”Cum te pot românii învăța?”, which was not what the PM was saying.
This attracted the attention of the journalists, who felt it might have been a pre-set scenario, played poorly by the PM.

ION’s coordinating AI developer, Nicu Sebe, admitted this during a podcast with one of Romania’s famous digital marketing specialists, Dragos Stanca. In the below video, Dragos Stanca asked Nicu Sebe to tell him if somebody played the pre-set answers, and the latter admitted it.

Dragos Stanca: Someone played the answers that were pre-recorded, so to speak. It wasn’t like ChatGPT that it responds to you in real-time, right?

Nicu Sebe: At that moment, it really was, but the system can also make answers for sure.

How does this fake dialogue with an AI chatbot impact the credibility of the Romanian AI industry?

The dialogue was fake, and the head AI developer of the company programming ION admitted it, but he also said the system could generate answers. If so, why wasn’t it allowed to do so? Why this mascarade?

Digital marketing specialists think this is quite a severe blow to the Romanian AI industry. It’s even harder to fix it as it came from the highest administrative level of the country: its very own Government.

We asked the representatives from one of the Romanian digital agencies using AI extensively in their activity what their opinion is on ION’s launch.

Even though the product could be very good, if it is perceived as having a few flaws, the public will stick to this perception. ION, in my opinion, has two main flaws from the marketing point of view. The first is his name – a very common name in Romania, but it is perceived pejoratively by the people. There are jokes where the main character is Ion, and this doesn’t help people see ION in a very positive way. When your own people mock the name of the product you want to advertise, you have a problem.

The second flaw is that ION’s developers choose to present it to the public in a very bombastic style during the Romanian government’s meeting, which highers expectations. When doing that, you must carefully choose the characters playing the scenario. Romania’s PM failed to learn the copy and shuffled the words. It was enough for the journalists to notice and expose it to the world.

Unfortunately, this impacts the entire Romanian AI industry. When other similar products are launched, the public will doubt the product’s functionality and ask if that isn’t a new scenario played by other actors.

Catalin ADAM, digital strategist at TUYA Digital

In other words, even if ION might have the ability to have a dialogue with humans, exactly like ChatGPT, the way its developers choose to market the product failed utterly. Also, this cast doubt on the entire AI industry in Romania.

The irony is that Humans AI, the company which developed ION, has a perfect record of AI or blockchain products developed so far. Two years ago, we wrote that Humans.ai had closed its public token sale on Polkastarter in record time, raising $1,170,000 via the cross-chain token offering platform. We wrote about the failure of their product ION, which, again, might be an excellent product killed by its marketing.

The AI marketing lessons we should learn from here

ChatGPT is the standard of the industry. It is a perfect chatbot to generate answers on anything. It allows you to ask anything or demand the system write or plan something, and it will do very extensively. It comes with an API integration, which allows developers to use and integrate its functions anywhere.

The difference here is that ION is not like ChatGPT. ION’s mission would have been much more straightforward: to collect Romanians’ opinions on a dedicated governmental page, ion.gov.ro, and compile them to tell the government the people’s positive or negative opinions. It should’ve behaved like a mirror, which is why its interface was a mirror, but ION’s launch failed to persuade Romanians to use it.

There is a lesson to be learned here, and this is what we all should listen to when it comes to blockchain or AI marketing. The specialists from Crypto Marketing Center say the very same thing:

When you have the perfect product, lousy marketing can kill it. When you have a mediocre product, intelligent marketing can make it valuable. So, marketing is the key, and the Romanian Government proved it either has lousy marketers or poor actors to play the script. Either way, ION failed at its launch, just like thousands of other good products with lousy marketing.

Anne-Marie M. – growth hacker at CryptoMarketing Center

Maybe this is where governments should approach the digital marketing industry when marketing products like this. Or maybe they should simply wait and launch them when adequately developed. It would’ve been way better.

The post Romania’s PM Fakes Dialogue with Romanian AI Chatbot ION, Pretends It Is Functional appeared first on Valahia.News.

The novelty of the xPortal Super App is in offering, for the first time, a suite of incredible features designed to seamlessly integrate digital finance, money, and crypto, with social features such as end-to-end encrypted messaging and AI avatars, along with a portal for Web3 apps and Metaverse experiences. While an actual Super App, xPortal is an example of simplicity, ease of use, and beautiful user experience.

With just a few taps or simply sending a message, you can easily send and receive money, crypto, and NFTs, make payments, use a debit card, track investments, and explore the financial, crypto, and NFTs ecosystems. But it’s not just about the numbers. With xPortal, you can personalize and unlock new experiences by creating cool AI avatars and enabling interactions and messaging with friends, all within a secure and private environment.

The xPortal Super App is an instrumental step on our mission to build the backbone for a new digital financial system across the physical and the metaverse world. Our ambition is that everyone, no matter where they are or their background, should have easy access to secure and efficient financial services to help them achieve their goals and live their best lives. All this becomes available today.

Beniamin Mincu, MultiversX Labs CEO.

The xPortal Super App is also a gateway to many apps and metaverse experiences. With a digital App Store at your fingertips, you can explore the latest and greatest Web3 apps and visit new Metaverse events and worlds, each with unique and exciting benefits and experiences.

xPortal’s ability to make Web3 and the Metaverse accessible to any smartphone user in the world shifts the entire conversation around all-accessible digital experiences from a distant vision of the future into a reality today.

Sergiu Biris, MultiversX Labs Head of Product

Built on top of its first iteration, which gained over 1.1 million users in just over a year, and first demoed last November at xDay in Paris, xPortal’s mission is to onboard 1 billion users to a new set of fun and valuable services, experiences, and applications, making digital finance, Web3, and the Metaverse accessible and easy to use by anyone, anywhere.

About MultiversX

MultiversX is a highly scalable, secure, and decentralized blockchain network built from first principles to solve the two fundamental problems critical for widespread, global adoption: a transition from dialup to broadband and a significant UX paradigm shift.

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What is MultiversX?

MultiversX is the new brand name of Elrond, the Romanian blockchain technology company. The Elrond team decided they needed a new brand name, and they came up with MultiversX, which is quite catchy, to be honest.

If you access Elrond’s website, one pop-up tries to persuade you to access the new website. Here you find that MultiversX is built from first principles, to solve the two fundamental problems critical for widespread, global adoption: a transition from dialup to broadband and a significant UX paradigm shift.

Why MultiversX?

Elrond is now MultiversX, but why MultiversX? Well, MultiversX sounds so catchy because it is easy to remember. Firstly, you have the multiverse, which is a set of a finite or infinite number of universes. It makes you think about infinite dimensions and possibilities. Besides, the name Multiverse sounds quite similar to Metaverse, the cyberspace promised by giants like Facebook (now Meta) or Google.

But there’s more to it than meets the eye: the X at the end is so intriguing these days, as it simply sells. SpaceX, Elon Musk’s company, has made the X famous. Now, MultiversX borrows this fame and tries to make a bold move with the help of the rebranding process.

MultiversX is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier.

MultiverseX website

Anyway, it seems to be a good move, especially after Elrond had problems with the security of its platform.

Currently, Elrond wants to shift into the development of metaverses, as Cointelegraph explains.

We are now in the position to create a larger path towards growth, adoption and utility, for the real world, and the metaverse.

Beniamin Mincu, MultiverseX CEO for Cointelegraph

What is the native token of MultiversX

As expected, eGold (EGLD) remains the native token of MultiversX after rebranding. EGLD has a price of nearly USD 58, as displayed on Coinmarketcap.com, but it could grow following the announcement.

MultiversX at the X Day in Paris

Elrond decided to announce the rebranding at the X Day in Paris, an event telling the world not only the new name but also the new ambitions of the Romanian entrepreneurs, such as to enable radicle new applications and technologies.

So, Elrond, the Romanian blockchain company, takes a bold step forward in developing metaverses. Is it going to compete with the other players on the market? So far, it is the only company positioned so well in blockchain technology, and it can use it to create one blockchain metaverse. Why not? Why wouldn’t the metaverse be a blockchain product? Ultimately, it is a product used by masses, stored in any device and secured to the last bit.

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After January 2022, when Opera launched the first Web3-focused Opera Crypto browser, with Web3 compatibility and enhanced privacy and security features for safer browsing, it took a step further. The partnership strengthens Elrond’s commitment to improving blockchain’s usability and adoption.

Also, for Elrond, this is one step further: in August 2022, Elrond announced that it had a partnership with the fintech giant Revolut. That was when EGLD, their native token, became available on the platform.

Elrond’s ethos of upending the status quo and ambition to create a more efficient, inclusive, and transparent financial system will be a powerful force for change in the global economy. Alongside substantial advancements to existing chains, Elrond can process 15,000 transactions per second at negligible costs and is Europe’s first carbon-negative blockchain.

The synergy between Elrond and Opera is truly unique. As our technology brings radical improvements in performance and user experience, critical for the next wave of mass adoption, we are a natural fit for Opera’s efforts to support the proliferation of blockchain-based technologies. We are excited to work together to usher in a new chapter of autonomous banking, where financial services are open to anyone, work near-instantly, and are inexpensive. 

Beniamin Mincu, Elrond Network CEO

Opera’s integrated non-custodial wallet puts it in a unique position to accelerate mainstream blockchain adoption. It’s an exciting growth opportunity for Elrond and its ecosystem as it opens the door for expansion of its user base.

The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet.

Susie Batt, Crypto Ecosystem Lead at Opera

The integration of Elrond technology and tokens also showcases the unique ecosystem of ESDTs and dApps built around the blockchain. Opera users can access native EGLD tokens and ESDTs from Holoride, Itheum, Utrust, and Maiar DEX, making it a perfect introduction to Web3. Having the entire Elrond ecosystem at their fingertips allows users to participate without a third-party wallet.

Easy access to blockchain products is vital for expansion, and both companies are showing their intent to aid this growth. Connecting one of the most active and innovative ecosystems with a globally trusted browser is an exciting step towards mass adoption and a move that will undoubtedly bring down the barrier to entry for users worldwide.

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Having its main launch in July 2020, Elrond has since become the second-largest PoS blockchain in the world, after Ethereum 2.0, with 3200 validators spread across different geographies. It’s also the first carbon-negative European blockchain as it offsets more CO2 than its advanced PoS network requires.

Revolut’s listing of EGLD will introduce a broader audience to the frictionless payments at the core of Elrond’s vision, giving a new generation of digital natives a token that is used to fuel the seamless transfer of any type of value globally.

The mobile banking company, valued at $33 billion with a +20M worldwide customer base, aims to increase financial inclusion by allowing its users throughout the EU and UK to buy, hold and sell cryptocurrencies with the same ease as any other digital asset, and now for EGLD as well.

With its EU banking license and the recently granted CASP license for crypto-related services, Revolut operates in 30+ countries (European Economic Area, USA, UK, Switzerland, etc.) and plans to expand into new markets thanks to its constant regulation and compliance efforts.

The most innovative and disruptive startups in the fintech field gravitate towards crypto, bringing unique talent pools and fully engaged communities. You get a game changer when you add to this vision that transcends its product and industry. Elrond is such a project. That’s why we are excited to be able to offer EGLD to Revolut’s customers and help them realize their vision of an inclusive global financial system.

Beniamin Mincu, Elrond Network CEO

Elrond has been designed from the ground up to solve the performance limitations of the current blockchain iterations (i.e. Bitcoin, Ethereum) and, in its current network configuration, can process 15,000 transactions per second but can scale beyond 100,000 TPS by leveraging sharding to parallelize transaction processing, thereby being able to accommodate growing demand by adding more shards to the network.

About Elrond

Elrond is a new blockchain architecture designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost, attempting to become the backbone of a permissionless, globally accessible internet economy.

In January 2021, Elrond launched Maiar, the e-wallet of the future. Though having some issues along the way, the Romanian blockchain company Elrond tries to create an ecosystem of reliability, trust and transaction speed.

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In a recent New York Times column, Paul Krugman compared the cryptocurrency craze to the mid-2000s housing bubble. He warned that digital coins’ hype was similar to people’s unwavering faith in the US housing market before it crashed, resulting in a global financial crisis.

Only a few investors, including Michael Burry of “The Big Short” fame and John Paulson, recognized that house prices had reached unsustainable levels and had the courage and conviction to bet against ostensibly safe mortgage-backed securities.

Krugman, who won the Nobel Prize in economics in 2008, attributed the widespread delusion to the “incredulity factor.”

Krugman asserted that the crypto market peaked at nearly $3 trillion in November and is a similar story. He emphasized bitcoin’s lack of practical applications, questioned how tokens are superior to traditional payment methods and highlighted crypto’s popularity among fraudsters and money launderers.

The Nobel laureate observed that, as with the housing boom, it appears absurd to question an asset class that has become valuable and attracted many influential promoters. He said crypto is “a house built not on sand, but nothing at all.“

Crypto has become so valuable and popular that people wrongly assume it’s worth something.

Paul Krugman

In terms of identifying Michael Burry, he warned about the state of the US economy, demonstrating that Americans’ savings have collapsed since the spring of 2021, a situation he blames on spending to keep up with inflation.

Paul Krugman’s warning isn’t the only one that should deter crypto enthusiasts from investing in digital coins. EU supervisory organizations have cautioned that consumers risk losing all of their money invested in cryptocurrencies.

Due to the instability of the crypto market, the pressures from the regulators and the increasing prices, crypto users should recalculate their finances during this period.

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