MANTRA (OM) Price Update
The price of MANTRA (OM) has seen a 3% increase today, reaching over $1.04. The current market capitalization of the coin is around $856 million.
New All-Time High
On July 11, the coin reached a new all-time high of approximately $1.14, showcasing significant growth in its price. The team behind the project announced through a post on X that their CEO and co-founder will be speaking at the Nebula Builders event in Brussels on July 12-13. They will discuss the impact of RWAs on DeFi and how MANTRA is bringing on-chain finance.
The project team is gearing up to explore how MANTRA’s scalable infrastructure plays a crucial role in promoting compliant RWA tokenization.
Mantra and MAG Partnership for Real Estate Tokenization
Partnership between MANTRA and MAG
On July 3rd, MANTRA announced a partnership with the real estate giant in the UAE, MAG, to tokenize real estate assets worth $500 million. According to their official post on X, MANTRA and MAG will collaborate to democratize access to luxury real estate in the UAE using secure yield-bearing vault products, backed by L1 technology.
The collaboration opens up unique investment opportunities in the Middle East real estate market for tokenized properties, positioning MANTRA and MAG as key players in the region. Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, stated that working with MANTRA allows them to leverage cutting-edge blockchain technology to transform the real estate industry.
The Future of Luxury Real Estate Development
In today’s competitive real estate market, companies are constantly striving to enhance the value and accessibility of their real estate offerings. A strategic collaboration is essential to drive innovation and lead the way in luxury real estate development.
What is MANTRA (OM)?
MANTRA (OM) is a blockchain RWA L1 focused on security, capable of meeting and enforcing real-world regulatory requirements. The project is designed for institutions and developers, providing a permissive blockchain for permissive applications. It has also improved the user experience to integrate non-native users and institutions into Web3.
