Greetings, Sherpas! Welcome to the July Monthly Recap, as we look back at an exciting month of tremendous growth and milestone achievements on MANTRA!

We witnessed substantial progress across various fronts, from new product launches and strategic partnerships to community engagement initiatives. We reflect on several key moments as we continue to forge deeper community connections and propel the broader adoption of RWAs!

Let’s delve into the highlights of July from the MANTRA ecosystem.

50M $OM GenDrop Season 2

The second season of the $OM GenDrop started on July 17. We’ve added several Onchain Missions you can complete to get a head start on the Season 2 Leaderboard. Early participants on MANTRA ZONE will receive exclusive rewards.

Latest Mission: Claim your accumulated rewards of any amount from your existing staked OM tokens from any validator to earn KARMA.

Visit MANTRA.ZONE to get started.

Faucet: https://discord.gg/p2EJeg4N

Incubator Project Showcase Series

The MANTRA Incubator program represents a major step forward in our mission of promoting innovation in the real world asset (RWA) tokenization sector, especially in the MENA region. We launched the program in April at the Dubai World Trade Center (DWTC) in collaboration with Virtuzone — the UAE’s leading corporate service provider.

In June, the inaugural cohort kicked off with three projects, where they received ongoing support and mentorship to build robust RWA-focused applications on MANTRA’s scalable, high-performance blockchain infrastructure.

We started the Incubator Project Showcase Series to delve into each project’s vision, proposed solution, and how they will integrate into the MANTRA ecosystem. Visit the links below to learn more about the Cohort 1 projects:

Pyse: https://mantrachain.medium.com/mantra-incubator-project-showcase-pyse-e57e713b1316

Estate Protocol: https://mantrachain.medium.com/mantra-incubator-project-showcase-estate-protocol-fa2c857d01ff

Mansa: https://mantrachain.medium.com/mantra-incubator-project-showcase-mansa-3dbd7ae6cf74

Interview with CEO

• John spoke during the Nebular Summit (July 12–13) in Brussels to discuss the Impact of RWAs on DeFi and how MANTRA is Bringing Finance Onchain.

• MANTRA announced it is attending Cosmoverse 24 in Dubai between October 21–23. Our CEO will lead the Tokenization Track to share insights on MANTRA’s push for broader RWA adoption by enabling seamless, compliant tokenization of real world assets. Join us as we connect with projects, speakers, investors, and attendees. Tickets here.

• John will speak at Permissionless III hosted by Blockworks and BANKLESS. The event will take place between October 9–11 in Salt Lake City, UT. Read the tweet here.

• John Patrick Mullin joined LunarCrush Live on July 17 to share key insights on the RWA revolution and shed light on his experience as a CEO navigating the ups and downs of a successful Web3 business.

• dYdX has added $OM to the dYdX Chain and created the OM-USD perpetual market on dYdX after an Onchain Vote was approved. Official announcement here.

• $OM is now available for deposits and withdrawals on AscendEX via Base Chain. Official announcement here.

News, Features & Releases

• Decrypt published a feature on MANTRA CEO’s deep dive into the potential of real world asset tokenization to revolutionize traditional finance, and how a dedicated L1 blockchain will accelerate RWA adoption. Key takeaway: “…tokenizing real-world assets involves more than just recording transactions on a blockchain.”

• We published a Medium blog on How to Bridge OM Tokens from Ethereum (ETH) to Base Network. By bridging OM tokens, users can leverage Base’s optimized transaction speeds and lower fees compared to Ethereum’s mainnet. Get started here.

• We published a deep dive article titled MANTRA 50M $OM GenDrop, Explained. In the article, we delved deeper into the GenDrop details, explaining the eligibility criteria and how you can participate in this exciting community initiative.

• Tiger Research published a special research report on How MANTRA is Leading the RWA Market Revolution.

X Spaces & Podcasts

IX Swap | 9 July

Quickswap | 19 July

Community Announcements

• MANTRA Türkiye Community launches officially on X. Follow for the latest MANTRA updates, news, and announcements in Turkish: https://x.com/MANTRA_Chain_TR

• 267M+ $OM (~32% of the OM circulating supply) is now staked on MANTRA. Get up to a 1.35x multiplier on your staked OM — based on staking time and amount of staked OM: app.mantra.finance/staking

• Metaschool launches the first MANTRA Chain course: Introduction to MANTRA Chain. This comprehensive course will cover the Cosmos ecosystem; the need for RWAs, liquidity, and tokenization; MANTRA Chain’s unique features and use cases; and a deep dive into MANTRA Chain’s architecture.

• MANTRA will sponsor the upcoming Coinfest Asia 2024, Asia’s largest Web3 festival where innovation meets adoption. The event is happening in Nuanu City, Bali between August 22–23. Get your tickets now at www.coinfest.asia!

July has been a month of remarkable growth and expansion for the MANTRA ecosystem. We’ve witnessed significant strides in product development, community engagement, and strategic partnerships, solidifying our position as a leader in the RWA tokenization landscape.

As we look ahead to August, we remain committed to delivering innovative RWA-focused products and nurturing our thriving Sherpas community. Thank you for your continued support and enthusiasm! Stay tuned for more exciting updates as we shape the future of finance together.

‍