Mantra has launched RWACCelerator, a start-up program, supported by Google Cloud to support projects in token Real-World assets with financing, mentorship and AI support.
Mantra (OM), a layer 1 blockchain focused on tokenized real-world assets, has launched RWACCelerator -A Startup Sneller Program offers financing, mentorship, AI support and more. Supported by Google Cloud, the program focuses on projects in real estate, finance and alternative assets that investigate RWA -tokenization. Participants can choose from three tracks: infrastructure, tokenization and Defi. Selected startups get access to Google Cloud sources, including cloud credits, technical support and workshops.
Applications for the first intake are open until March 20, with selected participants aware of April 1. The second intake will be opened on March 20.
“This is a powerful opportunity for startups to use advanced technology and gain access to resources and mentorship,” said John Patrick Mullin, CEO of Mantra. “With the support of Google Cloud, these RWACCELERATOR STARTUPS will enable new heights to reach and significantly contribute to the wider Web3 community.”
The RWACCelerator arrives for the RWA sector at a crucial moment. According to the World Economic Forum, about 10% of global GDP – $ 10 trillion – can be stored on blockchain networks by 2027. In addition, the Boston Consulting Group projects That tokenized assets could represent a market of US $ 16 trillion by 2030.
Rwas and Mantra
Real-World assets are physical or intangible assets such as real estate, raw materials, bonds and art. These assets are usually managed in traditional financial systems, which limit their access and liquidity. With tokenization, this assets can be displayed digitally on a blockchain and change how they are ownership, traded and managed.
Mantra is a layer of 1 blockchain that is designed to tackle the most important challenges of RWA tokenization by concentrating on security, compliance and scalability. It makes seamless activation transfers about different block chains possible with the help of the Interblockchain communication protocol, which reduces the liquidity fragmentation.
In order to guarantee trust and legal compliance, Mantra Integrates Compliance instruments such as KYC verification, AML protocols and transaction monitoring. Built with the Cosmos SDK, the modular architecture offers a flexible and scalable basis for managing complex RWAS. The network works on a proof-of-stake-validator system with Byzantine-Fault-tolerant consensus, which guarantees fast, safe and efficient transactions.
Governance on Mantra has been decentralized, so that token holders (OM holders) can participate in important decisions about network updates and improvements.
At the time of writing, Mantra’s token is priced at $ 7.37, with $ 1.82 in the last 24 hours. However, it is with 27 % and % 106 on the weekly and monthly timetables respectively, according to Mint market cap.
