# Elrond Network

**Source:** https://www.startuphub.ai/startups/elrond-network
**Profile type:** Startup

> A highly scalable, secure, and decentralized blockchain network for the new internet economy and metaverse.

## About

MultiversX, formerly known as Elrond Network, is a Layer 1 blockchain platform designed to provide high scalability, low latency, and strong security. It supports decentralized applications (dApps), enterprise solutions, and the metaverse, offering developers a robust infrastructure and NFT support. The platform aims to solve the blockchain 'impossible trilemma' of balancing security, decentralization, and scalability.

## Key facts

- **Slug:** elrond-network
- **Website:** https://multiversx.com/
- **Location:** Malta
- **Founded:** 2017
- **Employees:** 111
- **Operating status:** Active
- **Total funding:** $42M
- **Sectors / tags:** Blockchain, Fintech, Decentralized Finance (DeFi), Metaverse, Web3, Smart Contract Platform, Layer 1 (L1), Scalability, Security, Decentralization
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/multiversx
  - Twitter: https://twitter.com/MultiversX
  - Facebook: https://www.facebook.com/MultiversX

## Frequently asked

### What does Elrond Network do?

MultiversX, formerly known as Elrond Network, is a Layer 1 blockchain platform designed to provide high scalability, low latency, and strong security. It supports decentralized applications (dApps), enterprise solutions, and the metaverse, offering developers a robust infrastructure and NFT support. The platform aims to solve the blockchain 'impossible trilemma' of balancing security, decentralization, and scalability.

### What is Elrond Network's revenue?

StartupHub estimates Elrond Network's annual revenue at $10.1M (range $6.9M to $16.4M, 63% confidence), based on comparable companies in the sector.

### What is Elrond Network's valuation?

StartupHub estimates Elrond Network's effective valuation at $157.3M (range $104.8M to $251.4M, 10% confidence), based on comparable companies in the sector.

### How much funding has Elrond Network raised?

Elrond Network has raised a total of $42M in funding. The most recent round on record is Funding Round.

### Where is Elrond Network headquartered?

Elrond Network is headquartered in Malta.

### When was Elrond Network founded?

Elrond Network was founded in 2017.

### What industry does Elrond Network operate in?

Elrond Network operates in Blockchain, Fintech, Decentralized Finance (DeFi), Metaverse, Web3, Smart Contract Platform.

### How many employees does Elrond Network have?

Elrond Network has approximately 111 people on record.

## JSON-LD

Structured data aligned with this page's `<script type="application/ld+json">` (included when the profile is server-rendered).

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://www.startuphub.ai"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Startups",
          "item": "https://www.startuphub.ai/startups"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Elrond Network",
          "item": "https://www.startuphub.ai/startups/elrond-network"
        }
      ]
    },
    {
      "@type": "ProfilePage",
      "@id": "https://www.startuphub.ai/startups/elrond-network#webpage",
      "url": "https://www.startuphub.ai/startups/elrond-network",
      "name": "Elrond Network - AI Startup Profile | StartupHub.ai",
      "description": "This is the official profile of Elrond Network. Elrond Network is a startup founded in 2017, operating in Blockchain and Fintech. A highly scalable, secure, and decentralized blockchain network for the new internet economy and metaverse. Headquartered in Malta. The company has approximately 111 employees.",
      "dateModified": "2026-07-01T09:30:43.137864+00:00",
      "mainEntity": {
        "@id": "https://www.startuphub.ai/startups/elrond-network#organization"
      }
    },
    {
      "@type": "Organization",
      "@id": "https://www.startuphub.ai/startups/elrond-network#organization",
      "name": "Elrond Network",
      "url": "https://multiversx.com/",
      "logo": "https://cdn.startuphub.ai/storage/v1/object/public/entity-images/logos/51a2d744-48fb-405b-90fb-b745bd01ecf7-square.webp",
      "image": "https://cdn.startuphub.ai/storage/v1/object/public/entity-images/logos/51a2d744-48fb-405b-90fb-b745bd01ecf7-square.webp",
      "description": "This is the official profile of Elrond Network. Elrond Network is a startup founded in 2017, operating in Blockchain and Fintech. A highly scalable, secure, and decentralized blockchain network for the new internet economy and metaverse. Headquartered in Malta. The company has approximately 111 employees.",
      "sameAs": [
        "https://www.linkedin.com/company/multiversx",
        "https://twitter.com/MultiversX",
        "https://www.facebook.com/MultiversX",
        "https://www.startuphub.ai/startups/elrond-network"
      ],
      "foundingDate": "2017-01-01",
      "numberOfEmployees": {
        "@type": "QuantitativeValue",
        "value": 111
      },
      "address": {
        "@type": "PostalAddress",
        "addressLocality": "Sibiu",
        "addressCountry": "Malta"
      },
      "knowsAbout": [
        "Blockchain",
        "Fintech",
        "Decentralized Finance (DeFi)",
        "Metaverse",
        "Web3",
        "Smart Contract Platform",
        "Layer 1 (L1)",
        "Scalability",
        "Security",
        "Decentralization"
      ]
    }
  ]
}
```