TL;DR
- MANTRA has formed a strategic alliance with Google Cloud, which will be fundamental for the advancement of its blockchain infrastructure focused on real-world assets (RWA).
- The collaboration designates Google as the primary validator of its network, improving the security and efficiency of the platform.
- The Incubator accelerator program will be launched in the first quarter of 2025, offering capital and support to real-world asset projects.
MANTRA has announced a strategic alliance with Google Cloud, an agreement that will be key to its development and the advancement of blockchain infrastructure focused on real-world assets (RWA).
This collaboration establishes Google as the primary validator and infrastructure provider for the MANTRA Chain network, allowing the platform to benefit from the advanced services of the tech giant to ensure a secure, scalable, and efficient blockchain infrastructure.
🕉️ MANTRA Partners with @GoogleCloud to Foster Innovation in the Real-World Assets Ecosystem
We’re thrilled to announce a partnership with Google Cloud, adding Google as a primary validator and infrastructure provider for MANTRA Chain.
🤝 Our latest collaboration sets a new… pic.twitter.com/fllkX8UYUe
— MANTRA ✈️ Binance Blockchain Week #OMtober (@MANTRA_Chain) October 29, 2024
The partnership aims to foster the growth of the Web3 ecosystem by integrating high-quality tools that facilitate the development of projects on the blockchain. Google Cloud will also be involved in the creation of an accelerator program known as MANTRA Incubator, which will launch in the first quarter of 2025. This program is designed to promote innovation and development in the real-world asset market, offering capital, technical support, and valuable resources to selected projects.
The Overwhelming Success of MANTRA
The recent growth of MANTRA has been consolidated by the impressive performance of its OM token, which has increased by 6,550% so far this year, reaching a market capitalization of $1.2 billion. This surge has been driven by the implementation of its Layer 1 network, launched on October 23, which allows for the tokenization of assets and ensures regulatory compliance. Additionally, strategic partnerships with real-world asset companies, including a collaboration with the real estate firm MAG in Dubai to tokenize properties worth up to $500 million, have been fundamental to this process.
The collaboration with Google Cloud will not only enhance MANTRA’s infrastructure but also enable faster transaction execution and increased liquidity for users. Richard Widmann, head of Web3 strategy at Google Cloud, emphasized that this agreement will facilitate the development of a robust Web3 ecosystem by providing developers with the necessary tools to build on the platform.
Moreover, Google Cloud already has a strong presence in the blockchain industry, offering infrastructure for multiple networks, including Ethereum and Polyhedra, and acting as a validator for several other Layer 1 networks
