ianis
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Weekly Development Report as of May 31 #multiversxtech 👇🛠️

🎨Avatar Preview Mini-Competition Let’s have some fun with this one. Download Play As Me, take an image you like - and generate your avatar previews. Then post all 4 styles in the comments: • Cyberpunk • Low Poly • Medieval • Anime No full generation needed this time (but obviously if you like the game and creation - please, go ahead!) - we just want to see the previews for this competition. Best one I see wins some $A1X on MultiversX (EGLD) Here’s an example of one I generated to get you started… Let’s see what you’ve got.



Hardening security across every live module. We are in the early weaponization phase of frontier AI. The team is reanalyzing the security assumptions behind every module we run in production. Surface by surface, layer by layer. As we have discovered in the past, MultiversX, myself, and perhaps several other team members have been targets of a highly-sophistication attack campaign, by Lazarus and other groups among them. Every attempt has been detected, contained, defended. What is unmistakable to me, is that the raw intelligence now available to attackers has materially elevated the sophistication, speed, and creativity of these groups. The vital work done by the team has surfaced a class of issues that did not exist as viable threat vectors twelve months ago. Each one identified, patched, and folded back into a continuous hardening pipeline. Security is and continues to be the highest priority over the coming weeks. And the shift here is structural: raw AI offensive capability is being normalized into the baseline threat model of every open source project on earth. Until that single fact is internalized by open source and blockchain teams, new attacks and vulnerabilities will be exploited every single day. Responsible teams should swiftly reorder their priorities around this reality. Now. Alongside the vital work done by our engineering team, we very much appreciate the continuous surgical effort put in by the resourceful network of builders, validators, and community members, surfacing issues, proposing improvements, and sharpening the system as we prepare for what comes next. All focus is on this 360° security review until the hardening phase concludes. Then, the next chapter. SUPERNOVA.





If you invested $10,000 in MMFinance $MMF in January 2022, you would have $2 today. Not even enough for a degen gas fee. Wild part? $MMF has been dead for years… and it’s still only $2 behind xExchange $MEX. Somehow, the ghost is keeping up with the living 💀








A Bet We Made in 2018 This is me and Vitalik in 2018. ETH Devcon. We were at a table talking about sharding and how blockchains could actually scale by running execution in parallel. At the time, Ethereum and Elrond had the same thesis. Both believed execution sharding was the path forward. Since then, Ethereum changed direction multiple times. Sharding gave way to rollups. Rollups gave way to "we need to scale L1 again." The roadmap shifted, the promises changed, the technical approach pivoted more than once. And through all of it - the Ethereum community stayed. They gave the team the space to find the right path. They didn't kill the project when the roadmap changed. They believed the builders would figure it out. That patience is what kept Ethereum alive. Not the technology. The community. ─── We made a different bet. We bet on execution sharding from day one and we never left that path. Adaptive state sharding shipped on mainnet in 2020. Three execution shards plus a metachain. State, network, transactions - all sharded from genesis. Supernova shipped this year. Consensus decoupled from execution. 600ms blocks. achieved 88ms finality. 120,000 TPS burst mode on the same validator hardware. 3,200+ validators on consumer-grade machines. 171,000 commits. #6 in the entire industry. Ahead of Solana, Avalanche, Sui, Polygon, Aptos, and TON. Tier-one infrastructure providers on board, distribution partners like Cointelegraph are running validator nodes. Stripe's Machine Payments Protocol is settling on MultiversX. EGLD is named in an Arizona state strategic reserve bill. The agentic commerce stack - x402, MPP, MX-8004, UCP, ACP, MCP - is live on one chain. xMoney is building regulated stablecoin issuance under MiCA. The infrastructure underneath has never been stronger. ─── And yet the market prices EGLD like none of this exists. Every blockchain community is going through the same thing right now. EGLD is down. ETH is down. SOL is down. The market doesn't differentiate between chains that shipped paradigm-shifting infrastructure and chains that shipped a landing page. But here's what's different about right now. Bitcoin survived 2014. Ethereum survived 2018. Solana survived 2022. In each case, the community stayed long enough for the technology to matter. In each case, the community that held wrote the next chapter. And in each case, the ones who fractured, who turned on their own builders, who let the loudest voices - the ones who already sold - define the narrative? Those communities don't exist anymore. You don't remember their names. The perception of value has been distorted. By cycles. By speculation. By narratives that reward noise over engineering. And by us - divided when we should be united. Turning on each other instead of building forward together. Look at what's underneath. Not the chart. The infrastructure. 88ms finality. 120K TPS. #6 in developer activity globally. Tier-one infrastructure partners. Stripe settling on-chain. EGLD in US state legislation. Regulated stablecoins under MiCA. An agentic commerce stack that Visa, Coinbase, and Mastercard are racing to replicate. This is not a project searching for relevance. This is a project that shipped the relevance and is waiting for its community to match it. If this fails, it won't be because the technology wasn't good enough. It will be because we weren't united enough to carry it forward. I've been here since 2018. That table with Vitalik. Every pivot, every cycle, every doubt. Still here. Still building. Now it's your turn. Not to believe. To show up.














