The blockchain for real-world asset tokenization, MANTRA, in collaboration with decentralized data infrastructure provider Inveniam Capital Partners, has unveiled a new layer-2 blockchain.
Summary
- MANTRA has introduced its first layer 2 chain in partnership with Inveniam.
- The L2 is designed to enhance the handling and application of commercial real estate data.
- Inveniam Chain is compatible with various blockchains, including Ethereum, Avalanche, and Hedera.
Inveniam and MANTRA claim that this new layer 2 blockchain is specifically built to enhance the management and application of private real estate assets.
The L2 focuses on the artificial intelligence and decentralized finance sectors, facilitating the management and application of commercial real estate data. Presently, commercial real estate is recognized as a low-frequency yet highly data-rich asset category globally.
This L2 marks the inaugural development on the MANTRA Chain and aims to integrate the $27 trillion private CRE market into MANTRA (OM).
Utilizing Inveniam’s decentralized data management system will enable Inveniam Chain to organize, hash, and certify trillions of private real estate data points. These proprietary data points will be utilized by AI agents, private market indices, DeFi platforms, and data-sharing markets.
“By uniting MANTRA’s RWA-centered Layer 1 framework with Inveniam’s extensive knowledge in private market data, Inveniam Chain could revolutionize the tokenization, trading, and valuation of assets,” stated John Patrick Mullin, CEO and founder of MANTRA.
As per the information available, Inveniam Chain’s linkage to AI agents and DeFi enables it to serve as “the metachain for every digital instrument.”
The L2 accommodates assets on MANTRA and those traded digitally across top blockchain networks, including Ripple, Avalanche, Hedera, ZK Sync, and Ethereum.
A significant milestone for Mantra
MANTRA’s announcement comes shortly after the layer 1 platform activated critical network enhancements.
In September, the RWA-focused platform launched its latest mainnet upgrades, making MANTRA the first blockchain protocol to natively support both the Ethereum Virtual Machine and CosmWasm smart contracts.
Another important achievement is the platform’s registration as a Virtual Asset Service Provider in the United Arab Emirates, having obtained a VASP license from Dubai’s Virtual Assets Regulatory Authority.
