TL;DR
- MANTRA launches its mainnet, aiming to become the leading ledger for Real-World Assets (RWAs) by integrating traditional finance with blockchain technology.
- Mainnet features include bridging OM tokens from ERC-20, staking OM tokens for network security, earning on-chain rewards, and completing missions for Karma tokens.
- Strategic growth in 2024 with partnerships like UAE’s MAG and Zand Bank, $11 million raised for RWA network development, and securing a license from Dubai’s crypto regulator VARA.
MANTRA, a security-first Layer 1 blockchain, has officially launched its mainnet, marking a significant milestone in the tokenization of Real-World Assets (RWAs). This launch aims to position MANTRA as the preferred ledger for RWAs, integrating traditional finance (TradFi) with blockchain technology.
🕉️ MANTRA Launches #Mainnet to Tokenize Real-World Assets
The launch marks a significant step forward in bringing traditional finance onchain toward our vision of becoming the preferred ledger of record for compliant tokenized assets.
✅ To ensure the RWA ecosystem’s momentum… pic.twitter.com/wpze86Mc1g
— MANTRA | Mainnet LIVE #OMtober (@MANTRA_Chain) October 23, 2024
Mantra’s Mainnet Features
The MANTRA Chain mainnet offers a customizable suite of tools designed with regulatory compliance and network security at its core. This platform facilitates the seamless onboarding of traditional finance, simplifying the process of bringing RWAs on-chain.
Key features include the ability to bridge OM tokens from ERC-20 to the MANTRA mainnet, staking OM tokens to secure the network, and earning on-chain staking rewards. Additionally, users can earn Karma tokens by completing new missions on the mainnet.
Strategic Collaborations and Funding
In 2024, MANTRA has seen significant growth, including strategic collaborations with UAE real estate giant MAG and Zand Bank. These partnerships are expected to drive substantial movement in the RWA space.
Earlier this year, MANTRA raised $11 million to build a network tailored to RWAs and is in the final stages of securing a license from Dubai’s crypto regulator VARA. The native OM token has also witnessed triple-digit gains this year, reflecting strong market confidence.
CEO’s Vision
John Patrick Mullin, CEO of MANTRA, expressed his enthusiasm for the mainnet launch, stating:
“We’re thrilled to unveil our mainnet and officially welcome the industries, partners, and projects that want to collaborate and build the future of RWAs together.”
Mullin emphasized that the mainnet will continue to develop, with users having access to future RWA drops and other innovative features.
The launch of the MANTRA mainnet represents a groundbreaking step in the tokenization of RWAs, offering a compliant and secure platform for the digital representation of real-world assets. As MANTRA continues to innovate and expand, it is poised to play a crucial role in the evolving landscape of blockchain and traditional finance integration.