Greetings Sherpas! Welcome to another monthly recap as we reflect on an iconic month in the MANTRA ecosystem.

We have progressed further in our vision of becoming the preferred ledger of record for real-world assets (RWAs). The MANTRA Mainnet went live in October after rigorous testing and critical developmental updates.

Let’s dive into the most notable highlights and events from October.

MANTRA Mainnet Goes Live

We officially announced the MANTRA Chain Mainnet on October 23 marking a significant step towards bringing real-world assets (RWAs) onchain.

MANTRA has grown significantly over the last 18 months. While 2024 has been a landmark year for MANTRA, including strategic collaborations with UAE real estate giant MAG and Zand Bank, the launch of the Mainnet will open the door for significant movements in the RWA space.

MANTRA Dubai Tour

MANTRA was on tour in Dubai across three conferences. We led the RWA track at Cosmoverse 2024 from October 21 to 23, sharing key directives on how MANTRA will advance the asset tokenization sector. We also led the Hackmos 2024, the official Cosmoverse hackathon, in the Tokenization track from October 25 to 27.

MANTRA sponsored Binance Blockchain Week from October 30 to 31 in Dubai, featuring a series of panels at the Coca-Cola Arena during the two-day conference. CEO & Co-Founder John Patrick Mullin and other industry experts were on-site to discuss real-world asset tokenization and regulatory compliance, focusing on the UAE.

Partnerships & Developments

• ‍Google Cloud and MANTRA partner to foster innovation in the real-world assets ecosystem. We will onboard Google as a primary validator and infrastructure provider to significantly bolster our network's efficiency and reliability. Google Cloud’s Web3 Portal will also add a testnet faucet for developers to easily receive free testnet OM tokens and start deploying in the MANTRA ecosystem.
• MANTRA joined Binance Blockchain Week Dubai as a Platinum Sponsor. Our CEO & Co-Founder, John Patrick Mullin, spoke on engaging panels with other industry leaders throughout the conference.
• MANTRA and Libre Open Onchain Access to BlackRock Money Market Fund. This partnership will allow MANTRA users to invest in a number of notable onchain funds, including leading hedge funds, private credit funds, and the #BlackRock ICS Money Market fund.

DAO Proposals

• Sherpas approved our 13th Core Proposal to update $OM tokenomics. The community  aligned with our long-term vision for MANTRA and to prioritize sustainable growth over short-term spikes. 
• Mainnet OM staking rewards are live after our recent Governance Proposal passed. You can bridge your ERC-20 $OM tokens to Mainnet $OM coins and stake to a validator directly on MANTRA Zone. 
• The governance proposal to increase the maximum validator count to 13 has passed. We have started onboarding additional validators to strengthen our network security. $OM holders, prepare to stake your $OM to a diverse and decentralized range of validators. 

$OM Listings

• MANTRA mainnet $OM coins trading is LIVE on Osmosis, a decentralized crypto exchange with over 1 million users. 
• AscendEX officially integrated native MANTRA Chain and supports deposits & withdrawals of MANTRA mainnet $OM.

Interview with CEO

• John Patrick Mullin hosted the #OMtober Community Connect on YouTube. He discussed the MANTRA Mainnet launch and exciting developments to expect post-Mainnet. 
• John delivered an insightful keynote on Why Real World Assets Need a Purpose-Built Layer 1 on the DWF Labs Stage at TOKEN2049 Singapore. 
• John delivered insights on Why Real World Assets Need a Purpose-built Layer 1 at Cosmoverse 2024 Dubai. 
• John hosted two roundtable sessions on October 8 during RWA Day to delve deeper into asset tokenization and strategies for driving the broader adoption of compliantly tokenized assets.
• John participated in a panel on October 10 to explore The Rise of Institutional DeFi alongside leaders from Coinfund, Ripple & Marinade during Permissonless III.
• John joined the MANTRA AMA Session on Binance Square Audio Live on October 15. 
• John attended RWA Summit in New York on October 22 to delve into What Are the Pillars of a Thriving RWA Ecosystem? alongside leaders from Arbelos Markets, Chainlink & Paxos.
• MANTRA CEO & Co-Founder John Patrick Mullin participated in a panel session on Tokenizing Real Estate in Dubai and Beyond during Binance Blockchain Week 2024 alongside leaders from PRYPCO, Shorooq Partners, DL News, and the Dubai Land Department. They discussed the vision for real-world asset tokenization in real estate and shared insights on an ambitious new tokenization project.
• John Patrick Mullin participated in a panel discussion on Real-World Asset Tokenization: 2024 Fad or Here to Stay? on the main stage at BBW2024, alongside industry leaders from DL News, Ethena, Outlier Ventures, and Republic.

News, Features & Releases

• Crypto.news published a feature on the MANTRA Mainnet launch 
• We published an article on RWA Tokenization Explained: Why It Matters and MANTRA’s Essential Role on MANTRA Academy. The article delves into real-world assets, their history, challenges, key benefits, and growth potential for the future of asset tokenization.
• BeInCrypto published a feature on our CEO’s deep dive into how tokenization can democratize wealth creation. Learn more about the current state of the RWA market and how MANTRA will democratize access to tokenized assets.
• We published an article on Real Estate Tokenization exploring how tokenization could transform the real estate market, including challenges and setbacks, key benefits, and use cases in practical applications. 
• We published a full breakdown of the USDY Chakra Pool rewards, outlining the distribution schedules, amount calculations, and when/how to claim. 

Community Announcements

• MANTRA Co-Founder Jayant Ramanand joined a panel session with Defactor on October 8 to discuss Real World Assets alongside industry leaders from EVIDENT and ReinventDAO. 
• We released a step-by-step video tutorial on bridging your ERC-20 $OM to MANTRA Mainnet coins in a few easy steps.
• MANTRA COO Peter Loo joined a panel discussion at Cosmoverse Dubai to share insights on tokenizing real estate in Dubai alongside leaders from SmartCrowd, Shorooq Partners, and Estate Protocol. 
• Our Chief Strategy Officer, Nicholas Krapels, delivered a keynote on Exponential Onchain Adoption via RWAs during Cosmoverse Dubai.
• COO Peter Loo spoke on a panel during the RAK DAO Conference on October 25 to discuss Tokenizing Real-world Assets: The Future of Ownership alongside industry leaders from Magma, Zodia Custody, Baker McKenzie, and Cointelegraph.
• $OM staking is live on MANTRA Zone! 

October was a significant month for MANTRA, culminating in the official launch of the MANTRA Chain Mainnet and important product releases. We took great strides in our roadmap, from strategic partnerships to growing our vibrant community.

We are grateful to our Sherpa community for their unwavering support and loyalty as we seek to drive broader RWA adoption. We remain dedicated to empowering builders and fostering industry connections towards our vision of becoming the preferred ledger of record for real-world assets.

Source : Mantra - Nov 1, 2024