Revolution in the real estate market: New blockchain for private data launched!

Revolution in the real estate market: New blockchain for private data launched!

MANTRA and Inveniam Capital Partners today launched a new Layer 2 blockchain to revolutionize how commercial real estate data is used and managed. This exciting development comes in a market that is considered one of the most data-rich but least-trafficked investment areas in the world. With an estimated volume of $27 trillion, the new L2 blockchain aims to tap into this private CRE market, crypto.news reports.

The Inveniam Chain will support multiple blockchains including Ethereum, Avalanche and Hedera. Designed specifically for the management and exploitation of private real estate assets, this Layer 2 blockchain aims to serve the needs of sectors such as artificial intelligence (AI) and decentralized finance (DeFi). Inveniam's innovative decentralized data management solution makes it possible to structure, hash and certify trillions of private real estate data points. These data points will be integrated into AI agents, private market indices, DeFi ecosystems and data marketplaces.

Advantages of Inveniam Chain

MANTRA’s L2 blockchain is described as a “metachain for every digital instrument.” The developers do this by supporting assets on the MANTRA Chain as well as digitally traded assets on leading blockchain networks such as Ripple, Avalanche, Hedera, ZK Sync and Ethereum. This provides investors with a comprehensive platform to access a wide variety of digital assets.

The announcement of this new blockchain comes just a month after the activation of major network upgrades on MANTRA’s Layer 1 platform. In September, the latest mainnet upgrades were released, making MANTRA the first blockchain protocol to natively support both Ethereum Virtual Machine and CosmWasm smart contracts. These technical advances are expected to significantly expand the functionality and range of applications of the platform.

Licensing and future prospects

Another important step for MANTRA is registering as a Virtual Asset Service Provider (VASP) in the United Arab Emirates. This license was granted by the Virtual Assets Regulatory Authority in Dubai and opens up additional opportunities for the use of the platform in one of the most dynamic financial regions in the world.

The combination of technological advancement and regulatory compliance positions MANTRA and the Inveniam Chain as pioneers in the integration of blockchain-based solutions into the commercial real estate market. Given recent developments, it remains to be seen how investors and companies will react to this innovative platform.