Summary: OM just went full send! MANTRA (OM) is up over 50% in the past week, smashing a new all-time high of $5.87. The hype comes after a major partnership with Dubai’s DAMAC Group, bringing real estate into the crypto world through tokenization.
MANTRA’s latest collab is a game-changer. By teaming up with DAMAC Group, one of Dubai’s top-tier real estate firms, they’re set to tokenize properties, making investing way more transparent and accessible. With the deal locked in, DAMAC will start dropping tokenized assets on MANTRA Chain this year, opening the doors for crypto investors to tap into luxury real estate like never before.
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The hype is already translating into numbers: at the time of writing, OM was chilling near $5.63, up 20% in just 24 hours, while its trading volume had blown up by as much as 160%. JP Mullin, the CEO at MANTRA, named the partnership a “massive win” for the RWA space while proving blockchain’s power in blowing up traditional finance.
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According to Statista, real estate is supposed to be the largest player in tokenized assets by 2030, and with companies like DAMAC jumping aboard, that trend is only getting stronger. To put this in perspective, the current total market cap of RWA-based crypto assets stands at 39.9 billion dollars, up 6.6% in just one day. Suffice it to say, the tokenization wave is barely off the shores.