ChainCatcher message indicates that, according to SoSoValue data, the overall cryptocurrency market is showing an upward trend, with the RWA (Real World Assets) sector leading the way, achieving a 24-hour increase of 16.29%. Highlights include Mantra (OM) with an increase of 45.58% and Clearpool (CPOOL) with an increase of 15.42%.In addition, other highlights include the Meme sector rising by 6.85%, the Layer 1 sector rising by 5.21%, the PayFi sector rising by 4.64%, and the Solana Ecosystem tokens also experiencing an increase of over 10.28%.

ChainCatcher news, the RWA public chain MANTRA opens OM airdrop query and announces airdrop details. The total airdrop amount is 50 million OM, of which 60% is allocated to participants of the KARMA mainnet pre-task, 12% is allocated to participants of Galxe Season 1 events, 8% is allocated to ATOM stakers to MANTRA nodes, 4% is allocated to Bad Kids NFTs holders, 4% is allocated to Celestine Sloth NFT holders, 3.5% is allocated to Pudgy Penguins NFTs holders, and 3.5% is allocated to testnet validators, etc.MANTRA states that the previous "3-month cliff period, followed by initial liquidity allocation and 9 months of linear unlocking" has been changed to "shortening the cliff period to 1 month, followed by 11 months of linear unlocking."

ChainCatcher news, focusing on RWA's Layer1 blockchain MANTRA announces mainnet launch.Users will be able to perform multiple activities, including: cross-chain transferring ERC-20 standard OM tokens to MANTRA mainnet tokens to receive future RWA drops; staking OM to help secure the network and earn on-chain staking rewards.

ChainCatcher news, according to official sources, the L1 blockchain MANTRA built specifically for RWA has announced that its mainnet will launch in October.MANTRA Chain will provide a comprehensive and customizable set of tools that enable developers to tailor solutions to their specific needs. This set of tools not only simplifies the process of bringing real-world assets on-chain but also ensures that the solutions comply with regulatory requirements.

ChainCatcher news, the Hong Kong High Court has ordered key figures involved in the MANTRA DAO project to disclose financial records in response to allegations of asset misappropriation and unauthorized control.The plaintiffs claim that the defendants were initially associated with RioDeFi and siphoned off MANTRA DAO's assets and business, thereby seizing control without proper authorization.Since the defendants were accused of concealing financial reports starting in January 2021, the financial operations of MANTRA DAO have largely remained opaque. The court has instructed that detailed financial spreadsheets and supporting documents be submitted to the plaintiffs' legal and financial advisors.It is reported that Mantra is a layer1 blockchain aimed at launching tokenized real-world assets, and OM is its governance token.

ChainCatcher news, according to CoinDesk, Mantra Chain will tokenize $500 million worth of assets from Dubai real estate developer MAG Group.Mantra focuses on the Middle Eastern market and will tokenize the assets in multiple batches. The first batch of tokens will include a residential project, Keturah Reserve, which is being built by MAG in Meydan, Dubai. This batch of tokens will also package a $75 million luxury mansion from the "Dubai Creekside Ritz-Carlton Residences" development project. Investors will earn returns through stablecoins and Mantra's OM token. They are expected to receive an 8% return from the stablecoins, along with additional OM tokens.The two companies stated, "MAG and Mantra are discussing the specifics of the yield, such as which stablecoin will be used and the allocation of OM tokens." They added that final discussions will begin in the coming weeks.

ChainCatcher news, Zand Bank, a digital bank authorized by the Central Bank of the UAE, announced the signing of a memorandum of understanding (MOU) with MANTRA, a Layer1 blockchain focused on RWA. The collaboration between the two entities will focus on developing a framework to support the tokenization and distribution of RWA, and will comply with the regulations of the Dubai Virtual Assets Regulatory Authority (VARA).

ChainCatcher message, RWA L1 protocol MANTRA announces that the community has staked 237,000,000 $OM, accounting for approximately 29% of the circulating supply of OM, to strengthen MANTRA's mission of bringing finance on-chain. Staking OM can earn up to 1.35 times the bonus, depending on the staking duration and the amount of OM staked.

According to ChainCatcher news, MANTRA has announced the completion of a new round of strategic financing, with participation from Laser Digital, a digital asset subsidiary of global financial services giant Nomura Securities. This round of financing aims to accelerate MANTRA's goal of building an RWA Layer 1 blockchain for the Middle East and Asian markets. The specific amount of financing and valuation have not yet been disclosed.

ChainCatcher news, according to Chainwire, the RWA L1 blockchain MANTRA has announced the launch of the Hongbai incentive testnet, which is also the second phase of the MANTRA Chain testnet.It is reported that this testnet is expected to expand the ecosystem's user base and encourage the development of decentralized applications (dApps) on the MANTRA Chain, focusing on areas including: adopting OM as the native token, CosmWasm developer access, access to custom modules and user interface deployment, phased acceptance of validators, and user participation activities.

ChainCatcher news, according to official sources, MANTRA announced the completion of a $11 million financing round, led by Shorooq Partners, with participation from Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, and 280 Capital.It is reported that the funds will be used to build compliant infrastructure, support developers, and expand RWA tokenization.

ChainCatcher news, according to Chainwire, the L1 blockchain MANTRA has announced that it has applied for a basic financial license in the UAE, which, if approved, will help local businesses explore tokenized RWA assets.