MANTRAhasannouncedanofficialpartnershipwithGoogleCloudastheL1networkwilluseGoogleasaprimaryvalidatorforitsmainnet.
AccordingtoMANTRA’sannouncement,thispartnershipwillextendtoGoogle’srecentlylaunchedCloudWeb3Portal.MANTRAwillcreateatestnetwithintheportaltoallowdeveloperstoworkontheL1ecosystemandreceivefreeOMtokens.
MANTRAisBuildingonItsMainnetLaunchwithNotablePartnerships
InadditiontotheGoogleCloudpartnership,MANTRAisalsocollaboratingwithBCWGroupasitsimplementationpartner.BCWisoneoftheleadingWeb3infrastructuresolutionprovidersfortheGoogleCloudecosystem.
Thenetworklauncheditsofficialmainnetlastweek.Followingthislaunch,thenetworkcannowbringtokenizedreal-worldassets(RWAs)on-chain,whileallowinguserstostakeOMtokensandearnstakingrewards.
WorkingalongsideGoogleCloudisatestamenttoMANTRA’sgrowthanddevelopment,aswellasamarkofcredibilityforthereal-worldassetindustry,”thenetwork’sCEOJPMullinsaidinanX(formerlyTwitter)post.
ThemainnetlaunchalsoshiftsOMtokenfromEthereum’sERC-20totheMANTRAChain.Despitethesedevelopments,theOMtokenisunderperforming,asthetokenhaslostnearly5%sincethemainnetlaunch.
Mantra(OM)priceperformance.Source:BeInCrypto
OMisstillthelargestRWAtokeninthemarket,witha$1.2billionmarketcap,closelyfollowedbyONDO.Thetoken’srecentperformanceislargelyduetoliquidationafterOMhititsall-timehighonOctober14.
Sinceitslaunchayearago,MANTRA’sOMtokenhasgainedmorethan6500%,quicklybecomingthelargestRWAassetinthemarket.
TheoverallRWAtokenizationindustryhasexperiencedsignificantgrowththisyear.RWAtokenscurrentlymakeupapproximately0.33%oftheoverallcryptomarket.
Nonetheless,theRWAtokenizationindustryhasexpandedsignificantlythisyear.RWAtokenscurrentlyhaveamarketcapof$8.56billing,makingupapproximately0.33%oftheoverallcryptomarket.
Mostrecently,RippleLabshasbegunexploringRWAoptions,asthenetworkisreportedlylookingtoexpandintotokenizedbondsandmoneymarketfunds.
beincrypto.com