Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Christoph Lidman
Amount Asked: $150,000
Status: Rejected

Building RWA Infrastructure for the Cosmos Ecosystem

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MANTRA recognizes that the Cosmos ecosystem lacks a chain that is specifically designed to provide regulatory compliance across a wide range of real-world assets (RWA) and tokenized assets. Given this gap in the current ecosystem, we strongly feel that a “chain of regulated digital assets” will create a forward-thinking protocol that attracts users from diverse backgrounds, many of whom may not be current participants within the crypto space, and who value the importance and safety of regulatory compliance.

We believe that future regulation will primarily focus on the application layer, rather than the protocol layer. Therefore, it makes logical sense to build a protocol that supports a variety of regulated activities. This includes on-chain identification, permissioned access to products, and connectivity to the fiat/banking world through on/off ramps. MANTRA Chain is developed for this specific purpose: to allow for the permissionless ability to build Web3 applications on a high performance, scalable blockchain architecture, but with the toolkit to build regulated, compliant and permissioned applications.

Team: Christoph Lidman
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: ATOM Zone build-out

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $150,000

Date Applied: Jul 13, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Aug 22, 2023 (5 weeks)

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