Mantra prepares to launch mainnet in October
CryptoNewsTerminal Staff18 Sep, 2024
Mantra prepares to launch mainnet in October
Mantra (OM), with its focus on real-world assets (RWAs), has announced that it will be launching its "Mantrachain mainnet in October". The mainnet, it added, will support "a trustless platform to deploy institutional capital on-chain". The announcement comes after Mantra raised $5.5 million in a seed funding round led by IOSG Ventures and SNZ. The funds will be used to develop the mainnet and expand the team. Mantra is a layer-1 blockchain that is designed to provide a scalable and secure platform for the issuance and trading of RWAs. The mainnet will allow users to create and trade tokenized versions of real-world assets, such as real estate, commodities, and equity. The launch of the mainnet is a major milestone for Mantra. It will allow the company to begin to realize its vision of a decentralized financial system that is accessible to everyone.
