The layer-1 blockchain MANTRA has signed a $1 billion deal with Dubai’s property giant DAMAC Group. The agreement with the UAE’s property conglomerate aims to revolutionize tokenized real-world assets and usher into a new era in the real estate sector. Blockchain technology is extensively being used to extend services in diverse sectors across the UAE.
Also Read: Indian Rupee Can Drop to 90-92 Levels Against the US Dollar in 2025
The MANTRA blockchain leveraged the demand and will enable token-based financing for a diverse range of assets within DAMAC Group’s extensive portfolio of companies, with a minimum value of $1 billion. The DAMAC Group assets will be available in early 2025 on the MANTRA blockchain.
MANTRA blockchain will be the preferred ledger of records for the real-world assets in DAMAC and redefine the property sector. Tokenizing the assets will provide investors with a secure, transparent, and convenient way of accessing a wide range of investment opportunities.
Also Read: Nvidia: Wall Street Predicts How High NVDA Stock Will Rise in 2025
“MANTRA’s partnership with the DAMAC Group allows us to address common issues such as lack of transparency, high barriers to entry for investors, and limited liquidity in asset transactions. By partnering with DAMAC Group to tokenize assets, we can enhance transparency through blockchain technology, enable fractional ownership for broader accessibility, and facilitate token-based financing that improves liquidity,” said John Patrick Mullin, CEO of MANTRA, exclusively to Watcher Guru.
Will MANTRA’s Price Rise After $1 Billion Deal With DAMAC Properties?
MANTRA’s price has surged by nearly 5,600% in the last 365 days. It hit an all-time high of $4.55 in December 2024 and is currently trading in the $3.80 range on Wednesday. A partnership with DAMAC properties could significantly bolster MANTRA’s price as it extends its use cases in the real world.
Also Read: Tesla: Why Is TSLA Stock Crashing in 2025? Explained
Leading on-chain metrics and price prediction firm CoinCodex has forecasted a neutral picture for MANTRA this month before the DAMAC agreement. According to the price prediction, MANTRA could surge approximately 2% next week, touching $3.89. Therefore, an investment of $10,000 made today could turn into $10,200 next week if the forecast turns out accurate.