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MANTRA Blockchain Gains Momentum with RWA Focus

Jul 4, 2024

MANTRA, a layer-1 blockchain concentrating on real-world assets (RWA), stands out in today's cryptocurrency market by surpassing major cryptocurrencies with an impressive 11% increase. The recent surge in MANTRA's native OM token value to $0.89 follows a significant platform milestone, aiding in the project's recovery from a drop to $0.68. MANTRA's uptick is credited to a significant partnership in the RWA field. Beginning its native token journey in October 2020, MANTRA has observed a noteworthy shift in sentiment as the RWA narrative gains momentum. This positive trajectory took a substantial turn on July 3 with the announcement of a collaboration between MANTRA and MAG Group Holding, a leading real estate entity in the UAE. The strategic move involves tokenizing $500 million in real estate assets, offering investors yields in stablecoins and OM tokens. By merging MANTRA's secure RWA-focused blockchain with MAG's expertise in the UAE real estate landscape, the partnership aims to enhance RWA compliance in the Middle East and beyond. The news of the partnership saw a surge in the OM token value, surpassing the top 100 cryptocurrencies in market capitalization. At present, MANTRA leads the market gainers' list ahead of Pendle (PENDLE) and Safe (SAFE) with gains below 2% in the last 24 hours. With the OM token hovering around $0.80, a new all-time high is on the horizon if bullish trends prevail. MANTRA previously reached the ATH of $1.09 on June 10, 2024, facilitated by a strategic expansion in the UAE.

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