Real-world tokenization blockchain MANTRA and decentralized data infrastructure provider Inveniam Capital Partners have announced the launch of a new layer-2 blockchain.
Summary
- MANTRA has launched its first layer 2 chain in collaboration with Inveniam.
- The L2 will enable the use and management of commercial real estate data.
- Inveniam Chain supports multiple blockchains, including Ethereum, Avalanche and Hedera.
Inveniam and MANTRA say the new layer 2 blockchain is purpose-built to promote the management and use of private real estate assets.
The L2 focuses on the artificial intelligence and decentralized financial ecosystems and will power the management and use of commercial real estate data. Currently, the commercial real estate sector ranks as one of the lowest frequency but most common sectors.
Using Inveniam’s decentralized data management solution, Inveniam Chain can structure, hash and identify trillions of private real estate data points. These proprietary data points are fed into AI agents, private market indexes, DeFi ecosystems, and so on
“By combining MANTRA’s RWA-focused Layer 1 infrastructure with Inveniam’s deep expertise in private market data, Inveniam Chain has the potential to redefine how assets are tokenized, traded and valued,” said John Patrick Mullin, CEO and Founder of MANTRA.
According to details, Inveniam Chain’s connection to AI agents and DeFi allows it to act as “the metachain for every digital instrument.”
The L2 supports assets on MANTRA and assets digitally traded on leading blockchain networks including Ripple, Avalanche, Hedera, ZK Sync and Ethereum.
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An important milestone for Mantra
MANTRA’s announcement comes just over a month after the layer 1 platform activated major network upgrades.
In September, the RWA-focused platform released its latest mainnet upgrades, making MANTRA the first blockchain protocol to natively support both the Ethereum Virtual Machine and CosmWasm smart contracts.
Another important milestone is the platform’s registration as a Virtual Asset Service Provider in the United Arab Emirates. Specifically, the platform has a VASP license from Dubai’s Virtual Assets Regulatory Authority.
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