MANTRA has introduced an official partnership with Google Cloud because the L1 community will use Google as a major validator for its mainnet.
Based on MANTRA’s announcement, this partnership will lengthen to Google’s just lately launched Cloud Web3 Portal. MANTRA will create a testnet inside the portal to permit builders to work on the L1 ecosystem and obtain free OM tokens.
MANTRA is Constructing on Its Mainnet Launch with Notable Partnerships
Along with the Google Cloud partnership, MANTRA can be collaborating with BCW Group as its implementation associate. BCW is likely one of the main Web3 infrastructure resolution suppliers for the Google Cloud ecosystem.
Learn Extra: What Are Tokenized Actual-World Belongings (RWA)?
The community launched its official mainnet final week. Following this launch, the community can now carry tokenized real-world belongings (RWAs) on-chain, whereas permitting customers to stake OM tokens and earn staking rewards.
Working alongside Google Cloud is a testomony to MANTRA’s development and improvement, in addition to a mark of credibility for the real-world asset trade,” the community’s CEO JP Mullin stated in an X (previously Twitter) submit.
The mainnet launch additionally shifts OM token from Ethereum’s ERC-20 to the MANTRA Chain. Regardless of these developments, the OM token is underperforming, because the token has misplaced practically 5% because the mainnet launch.
OM remains to be the most important RWA token out there, with a $1.2 billion market cap, intently adopted by ONDO. The token’s latest efficiency is basically as a consequence of liquidation after OM hit its all-time excessive on October 14.
Since its launch a yr in the past, MANTRA’s OM token has gained greater than 6500%, rapidly turning into the most important RWA asset out there.
The general RWA tokenization trade has skilled vital development this yr. RWA tokens at the moment make up roughly 0.33% of the general crypto market.
Learn Extra: How To Spend money on Actual-World Crypto Belongings (RWA)?
Nonetheless, the RWA tokenization trade has expanded considerably this yr. RWA tokens at the moment have a market cap of $8.56 billing, making up roughly 0.33% of the general crypto market.
Most just lately, Ripple Labs has begun exploring RWA choices, because the community is reportedly seeking to increase into tokenized bonds and cash market funds.
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