MANTRA has initiated the Mainnet to enable the integration of real-world assets into the blockchain
MANTRA is launching its mainnet, which will facilitate the tokenization of real-world assets on-chain and increase the utility of its OM token in the growing RWA ecosystem.
MANTRA has initiated its mainnet, with the objective of introducing real-world assets (RWAs) to the blockchain, thereby demonstrating a substantial advancement in blockchain technology. This action improves the functionality of its OM token, which has transitioned from ERC-20 to MANTRA Chain. Within the expanding RWA ecosystem, users can now stake the OM token and receive rewards.
MANTRA’s mainnet inauguration is a testament to the network’s aspiration to establish itself as a prominent participant in the tokenization of real-world assets. By transferring the OM token to its new blockchain, MANTRA allows users to participate in future RWA releases, thereby increasing engagement within its ecosystem. In 2024, the network has raised more than $25 million and observed consistent growth in the OM token, which has been a significant positive aspect of the year.
The price of the OM token has remained relatively consistent, despite the introduction of the mainnet. It is currently trading at $1.40, having experienced a modest decline of 0.51% over the past 24 hours. Nevertheless, the RWA tokenization industry has maintained its substantial growth, with a market share of 0.33% of the total crypto market and a total market capitalization of $7.75 billion. With a market capitalization of $1.2 billion, MANTRA occupies a prominent position in this sector, with ONDO and other competitors following closely behind.
The number of firms that are investigating blockchain-based financial products has increased, which has led to a rise in institutional interest in RWAs. Legal & General, a significant pension and investment management firm, recently disclosed its intention to participate in the RWA ecosystem. Achieving success would enable them to collaborate with organizations such as Ripple Labs, which are currently developing tokenized bonds and other financial instruments.
State Street and other financial institutions have also initiated experiments with tokenized bonds and money market funds, which is indicative of the more extensive integration of blockchain technology into institutional finance.
MANTRA is launching its mainnet, which will facilitate the tokenization of real-world assets on-chain and increase the utility of its OM token in the growing RWA ecosystem.
MANTRA has initiated its mainnet, with the objective of introducing real-world assets (RWAs) to the blockchain, thereby demonstrating a substantial advancement in blockchain technology. This action improves the functionality of its OM token, which has transitioned from ERC-20 to MANTRA Chain. Within the expanding RWA ecosystem, users can now stake the OM token and receive rewards.
MANTRA’s mainnet inauguration is a testament to the network’s aspiration to establish itself as a prominent participant in the tokenization of real-world assets. By transferring the OM token to its new blockchain, MANTRA allows users to participate in future RWA releases, thereby increasing engagement within its ecosystem. In 2024, the network has raised more than $25 million and observed consistent growth in the OM token, which has been a significant positive aspect of the year.
The price of the OM token has remained relatively consistent, despite the introduction of the mainnet. It is currently trading at $1.40, having experienced a modest decline of 0.51% over the past 24 hours. Nevertheless, the RWA tokenization industry has maintained its substantial growth, with a market share of 0.33% of the total crypto market and a total market capitalization of $7.75 billion. With a market capitalization of $1.2 billion, MANTRA occupies a prominent position in this sector, with ONDO and other competitors following closely behind.
Also Read: Crypto Reset Predicted by Ripple CEO Brad Garlinghouse
