DUBAI, UAE: In a move to bolster the Real World Asset (RWA) tokenization sector in the MENA region, MANTRA has launched an incubation program at the Dubai World Trade Center. The initiative follows an $11 million investment led by Shorooq Partners and is in collaboration with UAE’s corporate service giant, Virtuzone.
The program aims to foster emerging projects within the MANTRA ecosystem, offering financial aid, infrastructure support, and administrative services. Five select projects will receive a seed investment of $100,000 each from MANTRA’s CEO, John Patrick Mullin, to ensure their successful integration into the MANTRA Chain ecosystem.
Participants will embark on a journey starting in Hong Kong, moving to San Francisco, and culminating at the prestigious DWTC. The incubation space spans over 17,000 square feet in the Sheikh Rashid Tower, reflecting Dubai’s commitment to crypto innovation.
John Patrick Mullin envisions the program as a comprehensive platform for web3 innovation, while Neil Petch and George Hojeige of Virtuzone align with the UAE’s goal of nurturing 10 unicorns by 2030, emphasizing the incubator’s role in fostering tech and fintech growth in the region.