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- Mantra has unveiled its Ecosystem Fund to support blockchain projects that are driving real-world adoption.
- The CEO of Mantra has also disclosed that this initiative would attract renowned teams and founders who are willing to create a thriving blockchain environment.
The Mantra Chain has finally launched the long-awaited $108,888,888 million investment initiative called the MANTRA Ecosystem Fund (MEF) to significantly improve adoption and facilitate ecosystem growth.
According to the post shared on X, the amount involved would be efficiently deployed over the next four years to support high-potential projects in the ecosystem. Within that period, the Ecosystem Fund would serve as an important growth engine. Additionally, Mantra would source its investment opportunities through its extensive partners, including the Three Point Capital, Amber Group, Brevan Howard Digital, and Valor Capital.
Commenting on this, the CEO and founder of Mantra, John Patrick Mullin, highlighted that its involvement with high-profile investors and incubators “prepares the ground” for visionary founders and teams to collaborate with them to create a successful ecosystem.
In an era where blockchain technology is revolutionizing finance, the MEF will catalyze groundbreaking projects that drive real-world adoption through a focus on the tokenization of real-world assets.
According to an official blog post detailing this initiative, MEF was created to attract and support the best blockchain groups that focus on Real World Asset (RWA) tokenization. One interesting mention is that the Fund accepts projects at any level on the development ladder, including those that are described as chain agnostic.
Earlier, a partner at Three Point Capital, Gideon Daitz, also explained that while the primary objective of the fund is to support the global development of tokenization, the main focus is to position the Mantra ecosystem in a way where it can fund heavy developments. According to him, this would leverage the “power of diverse network of resources” to build stronger ties.
Our primary mission with the MEF is to support the development of RWA tokenization globally, empowering teams with capital, network, and advice to put the world’s highest-quality assets on chain. We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.
Mantra’s effort to redefine the Web3 ecosystem by empowering developers and upcoming projects is evident in its recent launch of RWAccelerator. As detailed in our last news piece, this program was designed to support RWA projects.
Amidst the backdrop of these developments, Mantra recently became the first Decentralized Finance (DeFi) platform to get a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) of Dubai. According to the report, this gives it the regulatory approval to operate as a Virtual Asset Exchange and also offer “Broker-Dealer and Management and Investment Services.”
Prior to this, Mantra had partnered with DAMAC to tokenize $1 billion in assets as part of its goal to attract institutional investors, as outlined in our recent blog post.
At press time, Mantra was trading at $6.2 after declining by 0.5% in the last 24 hours. According to our recent publication, Mantra has existed as one of the resilient digital assets in this cycle with fair gains across some notable trading sessions.
