RWA Layer 1 Blockchain Mantra has officially launched the Hongbai Incentivized testnet, providing an opportunity for users to dive into its innovative features.

Referring to the realm of blockchain, RWA stands for real-world asset, and it's essentially a foundational layer 1 blockchain. Mantra The team behind Mantra has introduced its Hongbai Incentivized testnet, allowing developers and users to navigate its infrastructure. This initiative is expected to help expand the platform's ecosystem and enable the development of decentralized applications, otherwise known as dApps.

This new phase will unveil important advancements, including a software development kit (SDK) and the integration of the CometBFT consensus framework. Furthermore, it aims to adopt OM as the platform’s native token, which involves a gradual onboarding process for validators as well as features for accessing custom modules and deploying user interfaces.

Moreover, the testnet will feature initiatives aimed at boosting user engagement, such as the chance for participants to earn Genesis OM tokens through an airdrop, which will occur after launching the mainnet.

Details regarding participation in the testnet will be shared on Mantra's Discord channel, keeping the community informed.

The rollout of the Hongbai Incentivized testnet signifies a crucial milestone in the project's testing journey, marking a significant advancement in efforts to reach users not just within the traditional Web3 space, but also targeting institutional investors. tokenize RWA In its initial testnet stage, Mantra successfully attracted a robust user base, exceeding 100,000 participants who ventured into its ecosystem.

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Mantra has successfully secured $11 million in funding to accelerate its blockchain development and facilitate the adoption of tokenized real-world assets. Airdrops Calendar .

Tackling issues of liquidity fragmentation, Mantra offers a robust and secure framework. By adhering to regulatory requirements, this platform empowers traditional financial institutions to engage in asset tokenization and leverage blockchain solutions, effectively promoting the growth of real-world assets.

Recently, Mantra concluded a successful funding round, raising $11 million led by several venture capital firms, including Shorooq Partners, Caladan, Three Point Capital, and Virtuzone Forte Securities, among other backers. The funds will be utilized to advance the development of their blockchain technology. cross-chain interoperability The Hongbai Incentivized testnet from Mantra has launched.

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