In a strategic move aimed at bolstering investor confidence, Mantra has joined forces with Dimitra, a global agri-tech giant known for its innovative use of blockchain and artificial intelligence in sustainable agricultural development. This move is seen as a significant step towards restoring faith in Mantra’s real-world asset (RWA) tokenization capabilities, following a recent hit to its credibility.
The partnership between Dimitra and Mantra, a regulated layer-1 blockchain specifically designed for RWA tokenization, was announced recently. This collaboration will serve as a bridge between agricultural projects and investors seeking transparent, asset-backed investment opportunities, leveraging Mantra’s regulation-compliant blockchain.
The initial phase of this collaboration will concentrate on cacao production in the Amazon region of Brazil and a forest conservation initiative in Mexico. The Mexican project alone is projected to yield approximately 1 million traceable carbon credits over the next decade, courtesy of Dimitra’s proprietary carbon monitoring tools. These tools will ensure the transparency and verification of these credits, making them more accessible to investors and easier to trade.
Jon Trask, CEO of Dimitra Incorporated, expressed optimism about the scalability of these projects. “These two projects are just the start. Once we showcase how RWA tokenization can facilitate project funding, we can significantly scale both,” he said. “In Mexico, we’re launching with 19,000 hectares projected to generate 1 million carbon credits and over $15 million in revenue over the next ten years. However, the potential is much larger. The Fundación Álica manages over 300,000 hectares, and we’re prepared to expand.”
This partnership with Dimitra is another significant milestone in Mantra’s recovery after a recent fallout in which the OM price plummeted from $6.26 to an intraday low of $0.42, causing a severe loss of faith in the RWA tokenization blockchain.
This announcement follows another substantial partnership with blockchain analytics platform Nansen, which recently became a validator on the MANTRA Chain, lending institutional credibility to the project. Concurrently, MANTRA is still aggressively pursuing its token burn initiative, aimed at regaining community trust.
Despite these efforts, the OM price continues to oscillate within a narrow range between $0.37 and $0.42. Although it recently attempted a breakout, it failed to gain momentum. As the partnership gains traction and the projects begin to take shape, investors and market watchers will be keen to see if this initiative can restore Mantra’s standing in the market and bolster the OM price.
