1 week ago
Dimitra, a blockchain-based cultivation exertion company, has partnered with Layer 1 blockchain level MANTRA to bring real-world cultivation assets on-chain.
Jon Trask, Dimitra’s laminitis CEO, told CoinDesk astatine Bitcoin 2025 successful Las Vegas past week that the concern aims to yet bring a cardinal dollars worthy of cultivation assets, starting with cacao successful Brazil and c credits successful Mexico, onto MANTRA’s blockchain.
Trask added that the 2 aviator projects with MANTRA are presently tiny successful standard — successful Brazil, lone 25 of the 374 cocoa farmers successful Brazil’s alleged “cocoa pole” successful the confederate portion of Roraima are presently signed up to enactment — but could beryllium expanded “indefinitely” with capable capitalist interest.
Through the partnership, MANTRA holders volition beryllium capable to put straight successful smallholder farmers, providing backing for a assortment of regenerative cultivation projects successful a mode that is made traceable and verifiable by the blockchain. Trask estimated that investors could spot betwixt a 10-30% instrumentality connected their investments annually, which helium clarified was a a projected scope based connected preliminary modeling — with agriculture comes risks similar pests and drought which could interaction yield, helium added.
Trask said that Dimitra is inactive successful the process of integrating the 2 aviator programs with MANTRA, but expects that holders of MANTRA’s autochthonal OM token volition beryllium capable to put successful the projects wrong the adjacent mates of months.
Dimitra’s announcement comes a period aft MANTRA took a beating. Its OM token plummeted 90% successful a flash-crash successful April. Since the crash, OM has hovered astir $0.34 — a acold outcry from its tallness of $8.47 successful February.
Asked wherefore Dimitra went guardant connected a concern with MANTRA pursuing the fallout, Trask said that the woody pre-dated the crash, but admitted it initially gave him pause.
“We made the woody galore months ago,” Trask told CoinDesk. “Then they had their crash, and we each took a intermission to reassess to guarantee we were making the champion decisions for the semipermanent payment of the assemblage and projects amid a clip of volatility.”
But yet Trask decided to determination guardant with the partnership, telling CoinDesk that, erstwhile the particulate settled, helium inactive recovered the cardinal reasons for the concern to clasp true: MANTRA had a beardown team, helium said, the real-world plus (RWA) improvement was sound, and helium was impressed by their virtual plus work supplier (VASP) license, granted by Dubai’s Virtual Asset Regulatory Authority (VARA), which it obtained earlier this year.
MANTRA has done a fig of RWA tokenization projects successful the Middle East, including tokenizing $500 cardinal worthy of existent estate successful the United Arab Emirates (UAE) for a Dubai-based existent property group.
“Tokenizing agriculture isn’t conscionable astir innovation, it’s astir uncovering solutions to real-world issues agelong associated with nutrient proviso — astatine standard — and for semipermanent impact,” said John Patrick Mullin, CEO of MANTRA, successful a property merchandise shared with CoinDesk. “Dimitra is solving real-world problems, with a absorption connected traceability and transparency — and we’re arrogant to assistance bring those to a wider audience. MANTRA Chain was built to enactment projects similar these.”
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