The Google Cloud-backed MANTRA RWAccelerator program for startups has begun to assist projects in tokenizing real-world assets.
The MANTRA RWAccelerator program for startups, which offers funding, mentorship, AI support, and other services, was introduced by MANTRA, a layer-one blockchain focusing on tokenized real-world assets.
The program, which Google Cloud supports, focuses on projects investigating RWA tokenization in the fields of alternative assets, finance, and real estate. Three tracks are available to participants: DeFi, tokenization, and infrastructure. Google Cloud resources, such as cloud credits, technical assistance, and workshops, will be available to chosen startups.
The first intake is accepting applications until March 20. Selected participants will be contacted by April 1. On March 20, the second intake will open.
MANTRA CEO John Patrick Mullin says, “This is an excellent chance for startups to use modern technology and gain utilization of resources and mentorship.” “This RWAccelerator will enable startups to achieve greater success and make a substantial contribution to the larger Web3 community with assistance from Google Cloud.”
For the RWA industry, the RWAccelerator comes at a critical time. The World Economic Forum estimates that 2027 blockchain networks could store about $10 trillion, or 10% of the world’s GDP. Furthermore, according to the Boston Consulting Group, the market for tokenized assets may be worth US$16 trillion by 2030.
MANTRA RWAccelerator Program & RWAs Application
Real estate, commodities, bonds, and artwork are tangible or intangible assets considered real-world assets. Traditional financial systems typically handle these assets, restricting their liquidity and accessibility. Tokenization transforms these assets’ ownership, trading, and management by enabling digital representation on a blockchain.
MANTRA is a Layer 1 blockchain that prioritizes security, compliance, and scalability to address the main issues surrounding RWA tokenization. Facilitating smooth asset transfers between blockchains via the Inter Blockchain Communication Protocol lessens liquidity fragmentation.
MANTRA incorporates compliance tools like KYC verification, AML protocols, and transaction monitoring to guarantee trust and regulatory compliance. Its modular architecture, developed with the Cosmos SDK, offers a scalable and adaptable basis for handling intricate RWAs. Fast, safe, and effective transactions are guaranteed by the network’s Proof-of-Stake validator system with Byzantine-Fault-Tolerant consensus.
Because of MANTRA’s decentralized governance, token owners (OM holders) can take part in essential network upgrades and enhancements choices.
MANTRA’s token, OM, is currently $7.37, down $1.82 over the previous day. However, on the weekly and monthly timeframes, it is up 27% and 106%, respectively, according to Coinmarketcap.
