Key Points
- MANTRA (OM)’s worth recorded a surge of three% right this moment.
- On July 11, the coin reached a brand new ATH of round $1.14.
MANTRA (OM) noticed a big surge in worth right this moment, reaching costs of over $1.04. At the second of writing this text, MANTRA is up by 3% right this moment.
The present market cap of the coin is now about $866 million.
On July 11, the coin reached a brand new ATH of roughly $1.14.
The workforce behind the venture introduced by way of a put up on X that their CEO and co-founder would converse in the course of the Nebula Builders going down July 12-July 13 in Brussels to debate the affect of RWAs on DeFi and the methods during which MANTRA is bringing finance on-chain.
The workforce behind the venture will get able to discover how MANTRA’s scalable infrastructure performs an necessary position in selling compliant RWA tokenization.
🔥 Our CEO & Co-Founder @jp_mullin888 will converse in the course of the @NebularBuilders (July 12-13) in Brussels to debate the Impact of #RWAs on DeFi and the way MANTRA is Bringing Finance Onchain!
✅ The MANTRA workforce will probably be there to discover the way forward for DeFi with RWAs and the way MANTRA’s…
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 11, 2024
New Partnership Between MANTRA and MAG
Also, on July 3, MANTRA introduced that the UAE actual property large MAG will workforce up with them to tokenize $500 million in actual property belongings.
According to their official post on X, MANTRA and MAG will collaborate to democratize entry to luxurious UAE actual property utilizing safe, yield-bearing vault merchandise backed by the L1 know-how.
The collaboration unlocks distinctive funding alternatives within the Middle Eastern marketplace for tokenized actual property, positioning MANTRA and MAG as necessary gamers throughout the area.
Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development stated that working with MANTRA permits them to leverage cutting-edge blockchain know-how to reinforce the worth and accessibility of their real-world property choices.
According to him, this strategic collaboration is necessary and forward-facing as they proceed to innovate and lead in luxurious actual property growth.
What Is MANTRA (OM)?
MANTRA (OM) is a security-first RWA L1 blockchain able to adherence and enforcement of real-world regulatory necessities,
The venture is constructed for establishments and builders and it gives a permissionless blockchain for permission functions. It additionally enhanced consumer expertise to onboard non-native customers and establishments to Web3.
