In yesterday's community town hall, MultiversX leadership outlined critical changes aimed at refocusing the organization’s efforts and driving growth. Here are the key takeaways:

1 - Strategic Refocus: MultiversX is streamlining its mission, prioritizing core initiatives to achieve a more focused strategy. This includes clearer separation of responsibilities across its entities: • MultiversX Network focuses on the blockchain infrastructure. • MultiversX Foundation drives adoption and awareness. • MultiversX Labs leads technology development and business ventures. 2 - Cost Optimization: MultiversX is implementing significant cost reductions (up to 35%) to maintain efficiency and be better positioned for growth. 3 - Side Projects Realignment: The organization has evaluated all side projects, pausing some and setting others on independent paths. Projects like xWorlds, xFabric, and xExchange have been reviewed, with the latter now entering a new phase of growth with independent leadership and funding. 4 - New Growth Strategy: MultiversX has redefined its growth verticals and KPIs. The new plan focuses on delivering in five key areas: hyper-scalability of the blockchain, developer platform improvements, expanding the app ecosystem, growing capital markets, and amplifying marketing efforts. 5 - Operational Streamlining: The organization acknowledged being overwhelmed by too many initiatives and products, which diluted focus. Moving forward, they aim to “do less, but with more intensity.” 6 - Exciting Leadership Announcement: Adam Bates, former Chief Marketing Officer of Cardano, has joined MultiversX to help spearhead its next phase of growth. Bates’ arrival is set to bring new energy and expertise to MultiversX’s efforts to expand adoption and awareness on a global scale.

I believe MultiversX has demonstrated remarkable technological progress but has been pulled back by too many initiatives. Their decision to streamline operations shows a mature understanding of what it takes to scale successfully. They can focus now on core growth areas. The addition of Adam Bates, with his impressive track record at Cardano, will be a great pillar of MultiversX’s growth. Fresh leadership alongside operational efficiency indicates a promising future for the platform. Show Less