MANTRA Launches Incubation Program to Boost RWA Tokenization
MANTRA's New Incubation Initiative
MANTRA has announced the launch of its incubation program at the Dubai World Trade Center (DWTC) following a significant funding round. This initiative aims to enhance the Real World Asset (RWA) tokenization sector, with a special focus on the MENA region.
Strategic Partnership with Virtuzone
In collaboration with Virtuzone, a leading corporate service provider in the UAE, the MANTRA Incubator is set to nurture projects within its ecosystem and the RWA domain. The program offers startups financial backing for development, infrastructure, and administrative services.
Selection and Support for Innovative Projects
Five exceptional projects will be selected through a rigorous process to join the incubator. Each project will receive a seed investment of $100,000, funded by MANTRA's founder and CEO, John Patrick Mullin. Participants will also benefit from the expertise of a dedicated project manager and access to a robust network of investors.
Global Incubation Journey
The incubation journey begins at MANTRA's Hong Kong offices, followed by a month in San Francisco, culminating at the prestigious DWTC in Dubai. This global exposure aims to provide teams with valuable insights into innovative practices and industry leadership.
Dubai: A Hub for Crypto Innovation
Located in the Sheikh Rashid Tower at DWTC, the 17,000-square-foot incubation space aligns with Dubai's role as a key player in crypto innovation. MANTRA’s vision is to create a holistic platform for web3 innovation, leveraging Dubai’s vibrant startup ecosystem.
Building the Future of Web3
MANTRA's CEO, John Patrick Mullin, and Virtuzone's leaders emphasize the program's goal to foster a nurturing environment for web3 startups. This initiative is part of a broader strategy to support the UAE's vision of creating 10 unicorns by 2030.
MANTRA's Commitment to RWA Tokenization
MANTRA is a security-focused RWA Layer 1 Blockchain that supports the evolving tokenization space with advanced technology and compliance. The incubation program is crucial for expanding the MANTRA Chain ecosystem through RWA-focused protocols.
About Virtuzone
Virtuzone, established in 2009, is the UAE's premier company formation specialist. It offers a comprehensive range of corporate services, supporting over 70,000 entrepreneurs globally. Virtuzone is committed to fostering tech and innovation-driven growth across the region.
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