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What happened?
MANTRA Chain has launched a $108 million ecosystem fund called the MANTRA Ecosystem Fund (MEF). This initiative is designed to promote the growth and integration of real-world asset (RWA) innovations. The MEF aims to deploy the capital over the next four years to support promising blockchain projects globally.
Who does this affect?
This affects blockchain startups and projects focused on real-world asset tokenization. The fund provides financial support, networking opportunities, and strategic advice to high-potential projects. The initiative targets teams and projects at any stage of development, aiming to facilitate their integration and success in the blockchain space.
Why does this matter?
The launch of the MEF could significantly impact the blockchain market by driving more innovations and applications in real-world asset tokenization. By providing substantial funding and support, MANTRA Chain could accelerate the adoption and scaling of blockchain technologies in finance and asset management. This development could lead to increased market activity and further regulatory and technological advancements in the sector.
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