MANTRA and Inveniam unveil new L2 blockchain to power 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.
- MANTRA has launched its first layer 2 chain in collaboration with Inveniam.
- The L2 will power the utilization 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 advance the management and utilization of private real estate assets.
The L2 targets the artificial intelligence and decentralized finance ecosystems and will power the management and utilization of commercial real estate data. Currently, the commercial real estate industry ranks as one of the lowest-frequency but most>OM).
Tapping into Inveniam’s decentralized data management solution will allow Inveniam Chain to structure, hash, and credential trillions of private real estate data points. These proprietary data points feed into AI agents, private market indices, DeFi ecosystems, and>
“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 how assets are tokenized, traded, and valued,” said John Patrick Mullin, chief executive officer and founder of MANTRA.
According to details, Inveniam Chain’s connection to AI agents and DeFi allows it to act as “the metachain for every digital instrument.”
The L2 supports assets on MANTRA as well as those traded digitally on leading blockchain networks, including Ripple, Avalanche, Hedera, ZK Sync and Ethereum.
A key milestone for Mantra
MANTRA’s announcement comes just over a month since the layer 1 platform activated key network upgrades.
In September, the RWA-focused platform released its latest mainnet upgrades that saw MANTRA become the first blockchain protocol to natively support both the Ethereum Virtual Machine and CosmWasm smart contracts.
Another key milestone is the platform’s registration as a Virtual Asset Service Provider in the United Arab Emirates. Specifically, the platform has a VASP license from Dubai’s Virtual Assets Regulatory Authority.