MANTRA and Inveniam Launch New L2 Blockchain to Enhance Private Real Estate Data

An Image of Mantra Blockchain And AI

MANTRA, a blockchain dedicated to tokenizing real-world assets, has partnered with Inveniam Capital Partners, a provider of decentralized data infrastructure, to introduce a new layer-2 (L2) blockchain. This initiative aims to improve the management and use of private real estate assets, tapping into the growing fields of artificial intelligence (AI) and decentralized finance (DeFi).

Key Takeaways

New Layer-2 Blockchain: MANTRA and Inveniam have unveiled a dedicated L2 blockchain for private real estate asset management.
Targeting Real Estate: The blockchain aims to enhance commercial real estate data utilization, addressing the industry's data richness and low frequency.
Integration with AI and DeFi: The L2 will support AI agents and DeFi systems, positioning itself as a key infrastructure for digital financial instruments.
Recent Upgrades: MANTRA recently upgraded its layer-1 protocol and obtained a Virtual Asset Service Provider license in the UAE.

Introduction to the New L2 Blockchain

Real-world asset tokenization blockchain MANTRA, alongside Inveniam Capital Partners, has announced the launch of an innovative layer-2 blockchain. This new blockchain is specifically designed to advance the management and utilization of private real estate assets.

The layer-2 blockchain is strategically focused on both the artificial intelligence and decentralized finance sectors, empowering the management of commercial real estate data. Notably, the commercial real estate industry is recognized as one of the most data-rich asset classes globally, despite its low-frequency nature.

This L2 blockchain marks the first implementation on the MANTRA Chain, ultimately aiming to facilitate access to the $27 trillion private commercial real estate market.

MANTRA

Utilizing Decentralized Data Management

By leveraging Inveniam’s advanced decentralized data management solutions, the Inveniam Chain will enable the structuring, hashing, and credentialing of trillions of data points associated with private real estate. These proprietary data points are crucial as they feed into AI agents, private market indices, decentralized finance ecosystems, and data-sharing marketplaces.

The capabilities of the Inveniam Chain allow it to connect with AI agents and DeFi applications, earning it the reputation of being “the metachain for every digital instrument.” Additionally, this L2 blockchain supports assets on the MANTRA Chain as well as those traded across leading blockchain platforms such as Ripple, Avalanche, Hedera, ZK Sync, and Ethereum.

Important Developments for MANTRA

This announcement from MANTRA comes shortly after the layer-1 platform activated crucial network upgrades just over a month ago. In September, the RWA-focused platform released significant mainnet upgrades, making MANTRA the first blockchain protocol to natively support both the Ethereum Virtual Machine (EVM) and CosmWasm smart contracts.

Furthermore, another notable achievement for MANTRA is its registration as a Virtual Asset Service Provider (VASP) in the United Arab Emirates. This includes obtaining a VASP license from Dubai’s Virtual Assets Regulatory Authority, further solidifying MANTRA's position in the blockchain landscape.