As a seasoned researcher with a keen interest in blockchain technology and its potential applications, I am genuinely excited about the partnership between Mantra and Google Cloud. With my extensive background in this field, I have witnessed numerous collaborations between tech giants and blockchain projects, but few as promising as this one.
Mantra Chain has revealed that Google Cloud, a leading player in cloud computing, is now serving as both a validator and infrastructure supplier for its layer-1 blockchain.
On October 23, MANTRA Chain officially launched its main network, serving as a foundation for tokenizing real-world assets. Through its collaboration with Google Cloud, it intends to foster creativity and progress within the market of real-world assets, as indicated in a recent press statement.
Mantra eyes RWA accelerator
Google Cloud is working on collaborative projects in the cryptocurrency sector with companies like Flare, Aptos, Sui, Mysten Labs, Zilliqa, and Fireblocks, among others. These partnerships can be found in various roles such as node operation, oracle services, or strategic alliances. These integrations are considered crucial for the expansion of web3’s overall development.
Through its role as the main validator and infrastructure supplier for MANTRA, Google Cloud offers assistance to tangible assets via an RWA accelerator program. Additionally, there’s a testnet distribution system, which leverages Google Cloud’s newly introduced web3 Platform for operation.
In this partnership, developers can receive complimentary MANTRA (OM) testnet tokens while they construct decentralized apps within the MANTRA platform’s ecosystem.
Concerning the Real-World Assets Accelerator Program, MANTRA Incubator intends to utilize Google Cloud resources by providing cloud credits for chosen projects that align with RWA (Real World Assets) initiatives starting Q1 2025. These partners aim to introduce this program and offer technical assistance from Google’s web3 and AI (Artificial Intelligence) experts to developers involved in the selected projects.
MANTRA has chosen BCW Group as its partner for implementing its collaboration with Google Cloud, a role that involves working with both web3 and AI technologies.
In simple terms, during the announcement of Google Cloud, the value of OM tokens experienced a modest increase of approximately 2%, as noted at the time of writing. This surge is linked to the activation of OM staking rewards on the MANTRA mainnet. Now, users can transfer their ERC-20 OM tokens to the mainnet OM and choose to stake them with a validator.
Notably, MANTRA’s validator count has increased with the addition of Google Cloud.
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2024-10-29 20:02