Dubai’s DAMAC Properties Signs $1 Billion Deal With MANTRA Blockchain

The layer-1 blockchain MANTRA has signed a $1 cardinal woody with Dubai’s spot elephantine DAMAC Group. The statement with the UAE’s spot conglomerate aims to revolutionize tokenized real-world assets and usher into a caller epoch successful the existent property sector. Blockchain exertion is extensively being utilized to widen services successful divers sectors crossed the UAE.

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The MANTRA blockchain leveraged the request and volition alteration token-based financing for a divers scope of assets wrong DAMAC Group’s extended portfolio of companies, with a minimum worth of $1 billion. The DAMAC Group assets volition beryllium disposable successful aboriginal 2025 connected the MANTRA blockchain.

MANTRA blockchain volition beryllium the preferred ledger of records for the real-world assets successful DAMAC and redefine the spot sector. Tokenizing the assets volition supply investors with a secure, transparent, and convenient mode of accessing a wide scope of concern opportunities.

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“MANTRA’s concern with the DAMAC Group allows america to code communal issues specified arsenic deficiency of transparency, precocious barriers to introduction for investors, and constricted liquidity successful plus transactions. By partnering with DAMAC Group to tokenize assets, we tin heighten transparency done blockchain technology, alteration fractional ownership for broader accessibility, and facilitate token-based financing that improves liquidity,” said John Patrick Mullin, CEO of MANTRA, exclusively to Watcher Guru.

Will MANTRA’s Price Rise After $1 Billion Deal With DAMAC Properties?

Source: changenow.io

MANTRA’s terms has surged by astir 5,600% successful the past 365 days. It deed an all-time precocious of $4.55 successful December 2024 and is presently trading successful the $3.80 scope connected Wednesday. A concern with DAMAC properties could importantly bolster MANTRA’s terms arsenic it extends its usage cases successful the existent world.

Source: Coingecko

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Source: CoinCodex

Leading on-chain metrics and terms prediction steadfast CoinCodex has forecasted a neutral representation for MANTRA this period earlier the DAMAC agreement. According to the terms prediction, MANTRA could surge astir 2% adjacent week, touching $3.89. Therefore, an concern of $10,000 made contiguous could crook into $10,200 adjacent week if the forecast turns retired accurate.