Key Points
- MANTRA (OM)’s price recorded a surge of 3% today.
- On July 11, the coin reached a new ATH of around $1.14.
MANTRA (OM) saw a significant surge in price today, reaching prices of over $1.04. At the moment of writing this article, MANTRA is up by 3% today.
The current market cap of the coin is now about $866 million.
On July 11, the coin reached a new ATH of approximately $1.14.
The team behind the project announced via a post on X that their CEO and co-founder would speak during the Nebula Builders taking place July 12-July 13 in Brussels to discuss the impact of RWAs on DeFi and the ways in which MANTRA is bringing finance on-chain.
The team behind the project gets ready to explore how MANTRA’s scalable infrastructure plays an important role in promoting compliant RWA tokenization.
🔥 Our CEO & Co-Founder @jp_mullin888 will speak during the @NebularBuilders (July 12-13) in Brussels to discuss the Impact of #RWAs on DeFi and how MANTRA is Bringing Finance Onchain!
✅ The MANTRA team will be there to explore the future of DeFi with RWAs and how MANTRA’s… https://t.co/xSctdu5VjI
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 11, 2024
New Partnership Between MANTRA and MAG
Also, on July 3, MANTRA announced that the UAE real estate giant MAG will team up with them to tokenize $500 million in real estate assets.
According to their official post on X, MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by the L1 technology.
The collaboration unlocks unique investment opportunities in the Middle Eastern market for tokenized real estate, positioning MANTRA and MAG as important players within the region.
Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development said that working with MANTRA allows them to leverage cutting-edge blockchain technology to enhance the value and accessibility of their real-world estate offerings.
According to him, this strategic collaboration is important and forward-facing as they continue to innovate and lead in luxury real estate development.
What Is MANTRA (OM)?
MANTRA (OM) is a security-first RWA L1 blockchain capable of adherence and enforcement of real-world regulatory requirements,
The project is built for institutions and developers and it offers a permissionless blockchain for permission applications. It also enhanced user experience to onboard non-native users and institutions to Web3.
