The real-world assets (RWA) tokenization industry has blossomed into a $38.7 billion empire, with MANTRA and Chainlink reigning supreme. It is a truth universally acknowledged that institutional investors are flocking to the blockchain industry to explore global capital markets.
Furthermore, blockchain technology has significantly reduced the friction experienced by traditional financial systems. Any individual with access to the internet can now seamlessly invest in major stock indexes that are tokenized on various RWA platforms. What a marvel of modern technology!
MANTRA Chain: A Match Made in Heaven for RWA Adoption
The MANTRA Chain has grown to become a major layer one (L1) permissionless chain for permissioned applications, with a focus on bridging traditional finance (TradFi) with decentralized finance (DeFi). Earlier this year, the MANTRA chain announced a strategic collaboration with DAMAC Group, a UAE-based luxury property developer, to enable token-based financing for diverse properties, with the deal estimated to be worth around $1 billion.
In a bid to support further RWA development and mainstream adoption, MANTRA Chain announced the launch of RWAccelerator, a start-up accelerator program aimed at empowering developers with investment capital and technical support.
The RWAccelerator program has also been supported by Google Cloud, which will provide developers with access to cloud credits and technical expertise from Google engineers. What a delightful collaboration!
John Patrick Mullin, CEO of MANTRA, noted, “This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship. With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community.”
Richard Widdman, a well-known public figure within the MANTRA Chain, added that the RWAccelerator program will create an environment where startups can thrive in the web3 space. How splendid!
Market Impact: A Tale of Two Coins
As the second largest RWA-focused blockchain, with a fully diluted valuation of about $13.3 billion and a daily volume of about $189 million, $OM coin has received significant support from both retail and institutional investors. The $OM price has rallied over 29x in the past year, and on-chain data analysis by IntoTheBlock shows that more than 97% of OM holders are in profit. What a remarkable achievement!
The launch of the RWAccelerator program will be a major utility boost to OM in the near future, thus bolstering its ongoing bullish outlook. Moreover, the competition in the RWA and blockchain sector has significantly thinned the capital inflow from retail and institutional investors. However, $OM has gained significant mainstream momentum to guarantee sustainable future growth prospects.
The MANTRA core team is focused on ensuring the OM coin is deflationary through the burn process, which has so far obliterated 6.2% of the token’s total supply, worth about $408 million. A truly remarkable feat!
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2025-02-20 08:17