MANTRA, a blockchain platform specialising in real-world asset (RWA) tokenization, has reportedly shared the launch of its MANTRA mainnet. It is scheduled to be held in October 2024. The platform aspires to bring premium network stability and institutional-level access to on-chain finance and tokenized assets.
What Does MANTRA Mainnet Entail
The MANTRA mainnet will provide major features to make the blockchain’s network strong and offer smooth access to tokenized real-world assets to businesses.
This mainnet launch has been well-anticipated as its testing has been allegedly going on for months. Its incentivized testnet was launched earlier this year. The MANTRA mainnet will back tokenization, empowering real-world assets such as real estate and aviation to be included on the blockchain.
A focal point of the MANTRA mainnet is to close the gap between decentralized finance and traditional finance (TradFi). MANTRA’s co-founder and CEO, John Patrick Mullin says, “MANTRA’s token and stablecoin on-ramps continue to attract more businesses and industry players to the RWA and asset tokenization space, helping to bridge the gap between decentralized finance and traditional finance.”
Collaborations for the Mainnet Launch
To successfully carry out the MANTRA mainnet launch, the platform has collaborated with dominating companies in the real-world asset sector. At the beginning of this year, MANTRA reportedly spoke about a partnership with MAG, a UAE-based real estate giant. This collaboration is supposedly focused on the tokenization of $500 million worth of real estate assets, which will be empowered through the MANTRA mainnet.
Another major collaboration was set in August when MANTRA signed a memorandum of understanding with an aviation finance company. The partnership aspires to bring in more investment opportunities in the aviation sector, a market currently valued at more than $200 billion, sources report.
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In addition, the nearing launch of the MANTRA mainnet has positively impacted its native token, OM. Latest developments in the platform have reportedly led to a surge in active wallets and staking operations, which has driven up the token price. The announcement of the mainnet launch has seemingly set a pleasant environment for the token’s positive trajectory.
As more partnerships are made, the MANTRA mainnet is poised to acquire more participants for the platform, further hiking the demand for its OM token. This token will be integral for users needing to interact with the platform’s services and access tokenized assets.
What do the Clients Get from MANTRA Mainnet?
According to the news sources, MANTRA clients are set to benefit greatly from this launch. By giving institutional-level access to tokenized assets, the platform will empower businesses to navigate easily through the DeFi space. The mainnet’s design is expected to bring more security and transparency, which are essential elements for businesses related to high-value real-world assets like real estate and aviation.
The mainnet’s ability to provide premium services makes sure that businesses can confidently convert to on-chain finance. The MANTRA mainnet is a component of MANTRA’s wider goal to bring scalable and secure solutions for the tokenization of real-world assets, narrowing the gap between DeFi and TradFi.
Conclusion
To conclude, MANTRA mainnet is scheduled to go live in October 2024, marking a significant milestone for MANTRA as it aims to integrate DeFi with conventional finance. With the set strategic partnerships, including those in real estate and aviation, MANTRA is well-poised to show innovative solutions for asset tokenization. The mainnet’s launch is anticipated to boost more growth in the platform’s ecosystem and expand the demand for its native token, OM. As MANTRA moves ahead to build its presence in the DeFi space, the MANTRA mainnet will be an integral part of steering it closer to its long-term goals. Learn more about the updates in the DeFi space with TheBITJournal.
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