This week, the cryptocurrency news flow has been notably rapid for two reasons. As previously mentioned in our weekly evaluation, both the Binance event provides an excellent platform for such announcements and the current market conditions enhance this dynamic. Altcoin teams are eager to announce significant news during these upward trends.
Google Cloud and Mantra
Today marks a significant day for Mantra (OM) as the Google Cloud team has shared exciting news. Mantra Chain, focused on the tokenization of real-world assets (RWA), will now collaborate with Google Cloud. Google Cloud announced that it will act as the primary validator and infrastructure provider for Mantra Chain. Richard Widmann, head of Google Cloud’s Web3 strategy, stated;
“By partnering with Mantra Chain, Google Cloud is accelerating the growth of the Web3 ecosystem by providing best-in-class tools for development on the network. As the cloud provider and network validator for Mantra, we deliver secure, scalable RPC and reliable infrastructure to empower developers and new ventures working on Mantra.”
Additionally, Google Cloud and Mantra will collaborate on the Mantra Incubator program, which promotes RWA development. Such accelerator programs are initiated with the aim of increasing the number of developers in the ecosystem and facilitating the emergence of new applications, encompassing various incentives.
OM Coin Commentary
This announcement has undoubtedly supported OM Coin. However, partnerships with Google Cloud no longer yield the same initial impact. Many cryptocurrencies have formed partnerships here, and Google Cloud has established nodes while announcing the facilitation of node setup. Still, it can be said that OM Coin has experienced a significant growth of nearly 65 times since the beginning of the year, indicating a good performance in 2024.
This year, MANTRA has also partnered with Dubai-based firms and the real estate giant MAG. Necessary steps are being taken to tokenize a $500 million property, and an agreement has been signed with Zand Bank. If everything goes as expected, MANTRA may achieve some firsts in the RWA field.
On October 24, the price dipped to $1.23 and must regain the $1.41 level. If successful, it could reach new record levels between $1.62 and $2.
