MANTRA and Inveniam unveil new L2 blockchain to power private real estate data

by Axel Orn

Staunch-world-asset tokenization blockchain MANTRA and decentralized data infrastructure supplier Inveniam Capital Companions like launched the launch of a new layer-2 blockchain.

Summary
  • MANTRA has launched its first layer 2 chain in collaboration with Inveniam.
  • The L2 will energy the utilization and administration of industrial proper estate data.
  • Inveniam Chain helps multiple blockchains in conjunction with Ethereum, Avalanche and Hedera.

Inveniam and MANTRA bid the brand new layer 2 blockchain is reason-built to come the administration and utilization of non-public proper estate sources.

The L2 targets the man made intelligence and decentralized finance ecosystems and will energy the administration and utilization of industrial proper estate data. Currently, the industrial proper estate industry ranks as regarded as one of many bottom-frequency but most>OM).

Tapping into Inveniam’s decentralized data administration resolution will permit Inveniam Chain to structure, hash, and credential trillions of non-public proper estate data aspects. These proprietary data aspects feed into AI brokers, interior most market indices, DeFi ecosystems, and>

“By combining MANTRA’s RWA-centered Layer 1 infrastructure with Inveniam’s deep expertise in interior most market data, Inveniam Chain has the ability to redefine how sources are tokenized, traded, and valued,” said John Patrick Mullin, chief executive officer and founding father of MANTRA.

According to cramped print, Inveniam Chain’s connection to AI brokers and DeFi permits it to act as “the metachain for every digital instrument.”

The L2 helps sources on MANTRA as effectively as these traded digitally on main blockchain networks, in conjunction with Ripple, Avalanche, Hedera, ZK Sync and Ethereum.

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A key milestone for Mantra

MANTRA’s announcement comes honest over a month for the reason that layer 1 platform activated key community upgrades.

In September, the RWA-centered platform released its most unusual mainnet upgrades that noticed MANTRA turn out to be the first blockchain protocol to natively enhance each the Ethereum Virtual Machine and CosmWasm natty contracts.

One other key milestone is the platform’s registration as a Virtual Asset Carrier Supplier within the United Arab Emirates. Specifically, the platform has a VASP license from Dubai’s Virtual Resources Regulatory Authority.

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