MANTRA and Inveniam Launch New Layer 2 Blockchain for Private Real Estate Data
Real-world asset tokenization blockchain MANTRA and decentralized data infrastructure provider Inveniam Capital Partners have announced the launch of a new Layer 2 blockchain, specifically designed to advance the management and use of private real estate assets. This collaboration aims to bring the $27 trillion private commercial real estate (CRE) market to the MANTRA ecosystem.
Advancing Commercial Real Estate Data Management
The new Layer 2 blockchain, Inveniam Chain, will support multiple blockchains, including Ethereum, Avalanche, and Hedera, allowing for the structuring, hashing, and authentication of trillions of private real estate data points. These proprietary data points will feed into AI agents, private market indices, DeFi ecosystems, and data exchange marketplaces, revolutionizing the way commercial real estate assets are tokenized, traded, and valued.
According to John Patrick Mullin, CEO and founder of MANTRA, “By combining MANTRA’s RWA-focused Layer 1 infrastructure with Inveniam’s deep private market data expertise, Inveniam Chain has the potential to redefine the way assets are tokenized, traded and valued.” This partnership is a significant milestone for MANTRA, which recently enabled major network upgrades, including the release of its latest mainnet upgrades, making it the first blockchain protocol to natively support both the Ethereum Virtual Machine and CosmWasm smart contracts.
A Metachain for Digital Instruments
Inveniam Chain’s connection to AI agents and DeFi allows it to act as a “metachain for any digital instrument,” supporting assets on MANTRA as well as those traded digitally on leading blockchain networks, including Ripple, Avalanche, Hedera, ZK Sync, and Ethereum. This functionality will enable seamless interactions between different blockchain ecosystems, further expanding the potential of the commercial real estate market.
The launch of Inveniam Chain is also a notable development for MANTRA, which has recently registered as a virtual asset service provider in the United Arab Emirates, obtaining a VASP license from the Virtual Assets Regulatory Authority in Dubai. This registration demonstrates MANTRA’s commitment to operating within regulatory frameworks and ensuring the security and transparency of its platform.
For more information on this development, please visit the original article at https://crypto.news/mantra-and-inveniam-unveil-new-l2-blockchain-to-power-private-real-estate-data/
