Rise 64 times in one year, what actions does the RWA race L1 project MANTRA have?

At the RWA circuit, MANTRA (OM) has been in action for nearly a year, and Mainnet was launched in October 2024. On January 9, MANTRA announced that it had entered into an agreement with Dubai-based property group DAMAC Group to tokenize at least $1 billion of the group's assets in the UAE. (Synopsis: 2024 Encryption Narrative Leaderboard: Meme Coin is King, AI, RWA, Solana Ecological Rise) (Background Supplement: Institutions are optimistic that RWA will continue to break out in 2025, and inventory of four projects worthy of key follow) On January 9, MANTRA, a Block Chain Layer 1 project tokenized by Real World Assets (RWA), announced that it has partnered with Dubai-based real estate group DAMAC Group Agreed to plan to tokenize at least $1 billion of the group's assets in the UAE. On the RWA circuit, MANTRA (OM) has been in frequent action for nearly a year, launching Mainnet in October 2024, and then Token ushered in a significant rise. According to CoinGecko, from January 1 to December 25, 2024, MANTRA (OM) increased by 6418.3% for the year, and the price rose from $0.0584 on January 1 to $3.81 on December 25, making it the best performing RWA investment project in 2024. John Mullin, co-founder and CEO of MANTRA, said that DAMAC's support "is a huge vote of confidence in the future of RWA tokenization." DAMAC is a well-known property developer under the UAE-based Hussain Sajwani family. The group's investments are divided into seven core areas: real estate, capital markets, hotels and resorts, manufacturing, food and beverage, high-end fashion and data centers. Some of the most notable entities of the DAMAC Group include DAMAC Properties. DAMAC has acquired Italian fashion brand Roberto Cavalli and Swiss luxury jewelry brand de GRISOGONO. and developing DAMAC Towers Nine Elms, a 50-storey development in London, as well as luxury resorts in the Maldives. According to The Guardian and the Associated Press, founder Hussain Sajwani is a close fren and partner of Trump. According to a CNBC report, US President-elect Trump recently announced that UAE billionaire Hussain Sajwani has committed at least $20 billion in foreign investment to build new data centers in the United States. This time, the parties' new protocol aims to provide token-based financing to DAMAC's portfolio companies, covering the real estate, hospitality and data center sectors. This collaboration will improve access to investments and streamline the process, with tokenization of these assets expected to begin in early 2025. Currently, MANTRA has operations in Hong Kong, Singapore and several other regions, with the main focus of operations in the Middle East, particularly Dubai. Last year, MANTRA also entered into an agreement with developer MAG Property Development to tokenize real estate assets worth a total of $500 million, with the first project starting with a residential project in Dubai. In addition, MANTRA has signed a Memorandum of Understanding (MOU) with Zand Bank, a digital bank authorized by the UAE Central Bank, and the collaboration between the two entities will focus on developing a framework to support the tokenization and distribution of RWA, subject to Dubai Virtual Assets Regulatory Authority (VARA) regulations. 2024 answer: 11 million financing, Mainnet online From the official annual review, in 2024, MANTRA's dynamics are very frequent. Back in March 2024, MANTRA closed an $11 million funding round led by Shorooq Partners, and two months later, MANTRA received a strategic investment from Laser Digital, a digital asset subsidiary of Nomura Securities. Currently, MANTRA has developed RWA suites, including Digital Identity (DID), Compliance System MANTRA Guard, Token Management System MTS, Decentralizationexchange (DEX) and Liquidity Emission Protocol (LEEP). These modules work together to enable RWA tokenized assets to be efficiently managed and flowed within the Compliance framework. Among them, MANTRA Token Service (MTS) is a comprehensive module that allows the creation, management and control of tokenized assets on MANTRA Chain. Key features include: Token Factory, Configurable Workflows, Admin Permissions, Comprehensive Token Management (mint, Pin Fire, Seized, Frozen, Distributed), Built-in Features, Jurisdictional Compliance, and Banking Module Integration. MANTRA DEX (Decentralizationexchange) introduces a protocol layer Liquidity pool system, which forms the core of the platform Decentralization Finance, creating a permissionless environment that provides Block chain integrated Liquidity, with a special whitelist Liquidity pool. Implemented as a standard Automated Market Maker (AMM) exchange mechanism. MANTRA LEEP (Liquidity Efficient Emissions Protocol) is currently under development to address the widespread shortage of Liquidity in the encryption market, especially for assets outside of top-tier cryptocurrencies such as BTC and Ethereum. LEEP's goal is to solve the problem of providing Liquidity for tokenized real-world assets, which are often lacking even in traditional markets. MANTRA Mainnet went live on October 23, 2024. Users are able to perform several important activities, including: transferring OM Tokens from ERC-20 bridge to MANTRA MainnetToken to gain access to future RWA Tokens; Users can stake OM to help secure the network and earn on-chainstake rewards; OM will be an important part of the RWA ledger; Earn KARMA by completing new tasks on Mainnet. Mullin, CEO of MANTRA, who claims to be in its first phase and brings high-quality assets to on-chain MANTRA, told an X Space last year that the goal of the project is to become a ledger of record for assets issuance, or RWA. "For the mass adoption of RWA, both in the retail market and at the broader market level, we need a public Block chain that is compatible with the broader Decentralized Finance ecosystem," he said. At the same time, we have built a permissionless layer at MANTRA that allows asset issuance people, tokenization platforms and regulated trading venues to easily, simply and Compliantly issuance, distribute and manage RWAs." He also mentioned MANTRA's work on expanding the suite of its DApp ecosystem, which includes a secondary market, an on-chain RWA Liquidity hub – Omega – that will soon be licensed, and working with various Decentralized Finance providers to borrow, borrow and divide housing.