MANTRA Launches RWAccelerator, a Startup Program for Tokenizing Real-World Assets
MANTRA, a layer 1 blockchain focused on tokenized real-world assets, has launched RWAccelerator, a startup accelerator program backed by Google Cloud. The program aims to support projects in real estate, finance, and alternative assets that are exploring RWA tokenization.
Program Benefits and Tracks
RWAccelerator offers funding, mentorship, AI support, and access to Google Cloud resources, including cloud credits, technical support, and workshops. Participants can choose from three tracks: infrastructure, tokenization, and DeFi. Selected startups will gain the necessary tools and expertise to drive innovation in the RWA sector.
Application Process and Timeline
Applications for the first intake are open until March 20, with selected participants notified by April 1. The second intake will open on March 20, providing another opportunity for startups to join the program.
Industry Insights and Opportunities
The RWAccelerator arrives at a crucial moment for the RWA sector. According to the World Economic Forum, approximately 10% of global GDPβaround $10 trillionβcould be stored on blockchain networks by 2027. Moreover, the Boston Consulting Group projects that tokenized assets could represent a US$16 trillion market by 2030.
MANTRA and RWA Tokenization
MANTRA is a Layer 1 blockchain designed to tackle the key challenges of RWA tokenization by focusing on security, compliance, and scalability. It enables seamless asset transfers across different blockchains using the Inter Blockchain Communication Protocol, helping to reduce liquidity fragmentation.
MANTRA integrates compliance tools such as KYC verification, AML protocols, and transaction monitoring to ensure trust and regulatory adherence. Built with the Cosmos SDK, its modular architecture provides a flexible and scalable foundation for managing complex RWAs.
Key Features and Benefits of MANTRA
- Decentralized governance, allowing token holders to participate in key decisions
- Proof-of-Stake validator system with Byzantine-Fault-Tolerant consensus for fast, secure, and efficient transactions
- Modular architecture providing a flexible and scalable foundation for managing complex RWAs
MANTRA Token Performance
At the time of writing, MANTRA’s token OM is priced at $7.37, down by $1.82 in the last 24 hours. However, it’s up by 27% and 106% on the weekly and monthly timeframes respectively.
Quote from John Patrick Mullin, CEO of MANTRA
“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.”
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