MANTRA and Inveniam unveil new L2 blockchain to power private real estate data

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

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

The L2 focuses on the unreal intelligence and decentralized monetary ecosystems and can energy the administration and use of economic actual property knowledge. At the moment, the industrial actual property sector ranks as one of many lowest frequency however most typical sectors.

Utilizing Inveniam’s decentralized knowledge administration resolution, Inveniam Chain can construction, hash and determine trillions of personal actual property knowledge factors. These proprietary knowledge factors are fed into AI brokers, personal market indexes, DeFi ecosystems, and so forth

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

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

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

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An essential 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 sensible contracts.

One other essential 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.

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