MANTRA and Inveniam launch new L2 chain for private real estate data

Actual-world tokenization blockchain MANTRA and decentralized information infrastructure supplier Inveniam Capital Companions have introduced the launch of a brand new layer-2 blockchain.

Inveniam and MANTRA participation the brand new layer 2 blockchain is purpose-built to advertise the administration and use of personal actual property property.

The L2 focuses on the substitute intelligence and decentralized monetary ecosystems and can energy the administration and use of business actual property information. At present, the industrial actual property sector ranks as one of many lowest-frequency, however most data-rich asset lessons on the planet.

The L2 is the primary within the MANTRA Chain and can assist deliver the $27 trillion non-public CRE market to MANTRA (OM).

Utilizing Inveniam’s decentralized information administration answer, Inveniam Chain can construction, hash and establish trillions of personal actual property information factors. These proprietary information factors feed into AI brokers, non-public market indexes, DeFi ecosystems, and information sharing marketplaces.

“By combining MANTRA’s RWA-focused Layer 1 infrastructure with Inveniam’s deep experience in non-public market information, Inveniam Chain has the potential to redefine how property are tokenized, traded and valued,” mentioned John Patrick Mullin, CEO and Founding father of MANTRA.

Based on particulars, Inveniam Chain’s connection to AI brokers and DeFi permits it to behave as “the metachain for each digital instrument.”

The L2 helps property on MANTRA and property digitally traded on main blockchain networks together with Ripple, Avalanche, Hedera, ZK Sync and Ethereum.

An necessary milestone for Mantra

MANTRA’s announcement comes simply over a month after the layer 1 platform activated main community upgrades.

In September, the RWA-focused platform launched its newest mainnet upgrades, making MANTRA the primary blockchain protocol to natively help each the Ethereum Digital Machine and CosmWasm good contracts.

One other necessary milestone is the platform’s registration as a Digital Asset Service Supplier within the United Arab Emirates. Particularly, the platform has a VASP license from Dubai’s Digital Belongings Regulatory Authority.