Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.
According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.
Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.
“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”
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The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.
It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.
However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.
Source: TradingView
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