Google Cloud joins forces with MANTRA to reinforce Web3 growth and development.
In a significant move for the blockchain industry, MANTRA has announced a series of partnerships that aim to strengthen its foundation for on-chain asset offerings, staking services, and overall ecosystem development.
At the forefront of these partnerships is Google Cloud, which will serve as the primary validator for MANTRA's Layer 1 (L1) network mainnet. This partnership marks a significant achievement for MANTRA, according to its CEO, JP Mullin, who views it as a strong endorsement for the real-world asset sector.
Google Cloud's integration with MANTRA's platform will extend to its Cloud Web3 Portal, launching a dedicated testnet for developers. This integration is expected to provide developers with advanced tools and a trusted validation mechanism, potentially encouraging broader adoption of Web3 technologies.
In addition to Google Cloud, MANTRA has partnered with BCW Group, a prominent provider of Web3 infrastructure solutions within the Google Cloud ecosystem. BCW Group's expertise in Web3 support will provide MANTRA with robust implementation capabilities.
The partnership with BCW Group also includes an expansion of MANTRA's support team. BCW Group will serve as MANTRA's official implementation partner, bolstering the network's capabilities and increasing its credibility within the industry.
MANTRA's main technical partner in the implementation of its Web3 projects is TRON DAO. The mainnet provides the necessary foundation for the network to support tokenized real-world assets (RWAs) on-chain. By supporting RWAs, MANTRA offers its users exposure to asset classes that are tokenized on a blockchain, broadening the use cases for its mainnet.
The OM token, MANTRA's native token, has been transitioned from Ethereum's ERC-20 standard to MANTRA's own chain. This migration aims to strengthen MANTRA's ecosystem, but the token has faced a nearly 5% decline in value since the mainnet's launch.
The partnerships and the recent launch of MANTRA's mainnet enable users to stake OM tokens directly on the MANTRA Chain, earning staking rewards. Developers can explore and build within the L1 ecosystem, access resources, experiment with functionalities, and receive OM tokens as rewards for participation.
Overall, MANTRA's leadership remains optimistic about the long-term impact of these strategic partnerships and technological advancements on the network's growth. The partnerships and mainnet launch are expected to drive growth, increase credibility within the industry, and continue to push the boundaries of blockchain technology and real-world asset integration.
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