An AI hackathon newsletter’s footer has revealed what could be the long-awaited United States office for the MultiversX Foundation. MultiversX (EGLD) is “the most technically advanced blockchain today,” although unknown in the U.S. market due to geopolitical barriers.
As Micha Vie, leading operations at vLeap Group, revealed on X, the office could be set in Palo Alto, California. Palo Alto is a city known for technological innovation and as the birthplace of the worldwide-famous Silicon Valley.
The information came in the footer of an AI-related hackathon organized by the MultiversX Foundation, pointing to Palo Alto. “Walking distance to giants like Tesla, Apple, Google, Meta,” Vie posted, calling it “huge” news “if true.”
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MultiversX, ‘the most technically advanced blockchain today’ sets office in the U.S.
Notably, the “most technically advanced blockchain today” title was taken from a post on X by Justin Bons, founder and CIO of Europe’s oldest cryptocurrency fund, highlighting the “small team in Romania that raised $5M in 2019.” According to Bons, EGLD “deserves more of our support” as the first to implement “full execution sharding,” a significant achievement.
Nevertheless, the blockchain is still fairly unknown in mainstream tech venues outside of Romania, France, and Spain. This, however, could change with the Foundation planning to establish an office in the United States – specially in Palo Alto.
By establishing roots in this tech center, benefiting from a more favorable regulatory environment under Donald Trump’s administration, MultiversX opens doors for promising networking with industry leaders who, like Google and Meta, also use sharding to optimize their databases.
“This center [Palo Alto Square] is half a mile from Stanford’s campus, putting you near a world renowned center for innovation and young talent. Major tech companies like Google and Facebook have headquarters only 15 minutes away.”
— Regus’s announcement for an office in the revealed address.
MultiversX achievements in Romania
Founded in Romania, the blockchain has already accomplished relevant feats, as Finbold reported in other occasions.
For example, Sibiu, the city that hosts MultiversX headquarters, could “soon” adopt EGLD, as hinted by Vlad Vasiu. Vasiu is the Vice President of the Sibiu County Council (vicepreședintele Consiliului Județean Sibiu, in Romanian), according to Sibiu Independent.
Moreover, xMoney Global – a leading Web3 payment provider, formerly owned by MultiversX Labs – is launching three MiCA-compliant stablecoins in Europe, including RONX. This stablecoin will be pegged to the Romanian Leu (RON) and xMoney claims to be in contact with the Central Bank of Romania for that.
Interestingly, Romania’s National Press Agency also uses the MultiversX blockchain to mint daily news on the ICI Bucharest marketplace, as the Foundation shared on X.
MultiversX developments and connections in the United States
The discussions related to the MultiversX Foundation establishing an office in the United States date, at least, from 2024. Beniamin Mincu and Lucian Mincu, the co-founding brothers, have been openly talking about these plans and updating the community.
Yet, the city (Palo Alto) was still unknown until this recent revelation. There are, however, no official confirmation from the team besides the already-known public information.
“We are going all-in on America,” said Beniamin on February 5, sharing the Foundation’s vision and roadmap to 2025. “No other place offers this kind of momentum, funding, regulatory advancements, government openness, and support that is conducive to our growth.”
The brothers have already started to make some valuable connections in the country, meeting with Charles Hoskinson, from Cardano (ADA). Finbold covered previous speculations on a potential collaboration between Cardano and MultiversX.
Furthermore, Beniamin has met with relevant figures like Robert F. Kennedy Jr and also Brian Armstrong, CEO of Coinbase. Lucian recently had a “BUIDL”-focused dinner in Denver organized by Yzi Labs—Binance investment arm—and is actively connecting with founders.
“The network effect is one of the most powerful concepts that scales and compounds value,” posted Lucian this weekend. “Grateful to meet many other cool founders and learn about their challenges, opportunities and explore new ways of working together.”
In conclusion, MultiversX is poised to join a tech center in Palo Alto, if the city is really confirmed as the Foundation’s U.S. office. This could be a “huge” milestone in EGLD’s story and development, facilitating connections and increasing awareness.
Cryptocurrencies like Ripple’s XRP, ADA, and Solana (SOL) are already seeing the fruits of a strong United States presence.
Featured image from Shutterstock
