MANTRA, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs) has launched RWAccelerator a start-up accelerator program designed to empower builders and startups with investment capital, mentors, dedicated AI support and more.
Supported by Google Cloud, the RWAccelerator program will focus on projects with a strong interest in the tokenization of real-world assets, across real estate, financial products and alternative assets.
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The program was created to drive development, innovation and adoption in what is proving to be a timely moment for the space. With the World Economic Forum projecting that by 2027, 10% of the world’s GDP – approximately $10 trillion – will be stored on blockchain networks, with Real World Assets (RWAs) playing a significant role in the transformation.
Applicants to the RWAccelerator will have the choice of three themed tracks; infrastructure, tokenization and DeFi. They will undergo a robust screening process to identify innovative entrepreneurs, start ups and builders for this unique opportunity. Selected projects will receive support from the Google for Startups Cloud program that provides access to Google Cloud resources including cloud credits, technical support and workshops led by Google engineers.
MANTRA team members will be readily available to support accelerator participants. Sharing advice and support across smart contracts, tokenomics, market maker selection, listing processes, legal and compliance and more.
“This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship,” said John Patrick Mullin, CEO of MANTRA. “With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community.”
Joining Mullin on-stage at Consensus to announce the launch of the RWAccelerator, Richard Widdman said, “We’re excited to collaborate with MANTRA to support the next wave of innovative Web3 startups focused on tokenizing real-world assets. By providing access to Google Cloud’s infrastructure and expertise, we aim to create an environment where these startups can truly thrive, experiment, and push the boundaries of what’s possible in the Web3 space.”
The launch of the RWAccelerator follows MANTRA successfully obtaining a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
Source: GlobeNewswire
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