Real-world asset tokenization blockchain MANTRA and decentralized data infrastructure provider Inveniam Capital Partners have announced the launch of a new layer 2 blockchain.
summary
- MANTRA collaborates with Inveniam to launch its first Layer 2 chain.
- L2 powers the use and management of commercial real estate data.
- Inveniam Chain supports multiple blockchains including Ethereum, Avalanche, and Hedera.
Inveniam and MANTRA say the new layer 2 blockchain is purpose-built to facilitate the management and utilization of personal real estate assets.
L2 targets artificial intelligence and decentralized finance ecosystems to power the management and utilization of commercial real estate data. Currently, the commercial real estate industry ranks as one of the least frequent, but the most common is >OM).
Leveraging Inveniam’s decentralized data management solution, Inveniam Chain is able to structure, hash, and authenticate trillions of private real estate data points. These unique data points feed into AI agents, private market indices, the DeFi ecosystem, and more.
“By combining MANTRA’s RWA-focused Layer 1 infrastructure with Inveniam’s deep expertise in private market data, Inveniam Chain has the potential to redefine the way assets are tokenized, traded, and valued,” said John Patrick Mullin, Founder and CEO of MANTRA.
According to the details, Inveniam Chain is connected to AI agents and DeFi and can act as a “meta-chain for any digital device.”
L2 supports not only assets on MANTRA, but also assets traded digitally on major blockchain networks such as Ripple, Avalanche, Hedera, ZK Sync, and Ethereum.
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Mantra’s key milestones
MANTRA’s announcement comes just over a month after the Layer 1 platform began a major network upgrade.
In September, the RWA-focused platform released its latest mainnet upgrade, making MANTRA the first blockchain protocol to natively support both the Ethereum virtual machine and CosmWasm smart contracts.
Another important milestone is the registration of the platform as a virtual asset service provider in the United Arab Emirates. Specifically, the platform has obtained a VASP license from Dubai’s Virtual Assets Regulatory Authority.
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