The most important feature of this week is the rapid flow of cryptocurrency news for two reasons. We touched on this before in the weekly review. Both the Binance event provides a great environment for such announcements and the state of the market. Altcoin teams are eager to announce big news during such bullish periods.
Google Cloud and Mantra
It’s an important day for Mantra (OM), the Google Cloud team gave the good news today. Mantra Chain, which focuses on the field of RWA, the tokenization of real-world assets, will now work in collaboration with Google Cloud. Google Cloud announced that it is the primary validator and infrastructure provider for Mantra Chain. Richard Widmann, head of web3 strategy at Google Cloud, said:
“Google Cloud, Mantra Chain Accelerates the growth of the Web3 ecosystem by providing best-in-class tools for web development. “As Mantra Chain’s cloud provider and network validator, we provide the secure, scalable RPC and reliable infrastructure needed to empower developers and startups working on Mantra.”
Google Cloud and Mantra also RWA They will work together in the Mantra Incubator program that encourages development. Such acceleration programs are initiated with the aim of increasing the number of developers in the ecosystem and paving the way for new applications, and they include various incentives.
OM Coin Review
Announcement of course OM Coin It was supportive for. However, Google Cloud partnerships no longer have the impact they had in their early days. He witnessed many cryptocurrencies making partnerships here, Google Cloud establishing nodes and announcing that it would make setting up nodes easier. However, we can still say that OM Coin has had a good year 2024, as it has increased nearly 65 times since the beginning of the year.
This year, MANTRA also partnered with Dubai-based companies and real estate giant MAG. Necessary steps are being taken to tokenize the $500 million property and an agreement has been signed with Zand Bank. If things go as expected, MANTRA may break new ground in the field of RWA.
The price, which bottomed at $1.23 on October 24, should regain the level of $1.41 for now. If it can achieve this, it can reach new record highs between $ 1.62 and $ 2.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
