With the support of Google Cloud, Layer 1 Blockchain MANTRA has launched a startup accelerator program designed to advance the tokenization of real-world assets (RWA). The two companies announced at the Hong Kong Consensus conference that the program, called "RWAccelerator," will provide startups with funding, expert mentorship, artificial intelligence-driven resources and technical support to help them build solutions in areas such as real estate, financial products and alternative assets.
In 2024, the on-chain and market activity of Layer 1 (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, will decrease significantly. Researchers TanayVed and Matías Andrade at CoinMetrics highlight the challenges these networks face as total fees and token performance fall below the highs of the beginning of the year. According to a report by CoinMetrics researchers TanayVed and Matías Andrade, the first-tier (L1) blockchain performed strongly in early 2024, but has since lost ...