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MANTRA (OM). Cosmos's Big Bet on Bringing Real-World Stuff to the Blockchain
Alright, crypto enthusiasts, let's talk MANTRA (OM). This project is building a Layer 1 blockchain using the Cosmos SDK – think of that as a super-powered toolkit for creating blockchains. But MANTRA's not just building any blockchain; they've got their sights set on something big.
Real-World Asset (RWA) tokenization.
So, what does that mean? Well, imagine taking things like your house, a piece of art, or even gold, and turning them into digital tokens on the blockchain. That's what MANTRA is aiming for.
MANTRA's story starts back in 2020 as MANTRA DAO, when they were exploring the wide world of Decentralized Finance (DeFi). But they decided to narrow their focus, going through a rebrand and a tech upgrade that led to the MANTRA Chain mainnet launch in October 2024. Now, their main gig is to bridge the gap between the traditional finance world (you know, banks and all that) and the exciting, new world of DeFi.
Their core idea is a "permissionless blockchain for permissioned applications." It's a bit of a mouthful, but here's the gist, the basic blockchain is open to everyone, like a public road.
But then, you can build special applications on top of it that have their own rules and regulations, like a gated community. MANTRA's trying to get the best of both worlds, the openness of crypto with the compliance that the traditional finance world demands.
Please follow for more, as we have five more articles exploring and explaining OM. In the next article, we will examine the crash and its causes.