The Block reported on the 16th (local time) that Mantra (OM), a real-world asset (RWA)-centric Layer 1 blockchain, is set to be acquired by its existing investor, Inveniam Capital Partners (hereinafter Inveniam). The specific acquisition amount was not disclosed. Mantra's native token OM experienced a sharp decline of over 90% last year, and Mantra subsequently announced organizational restructuring and workforce reduction. Inveniam had also invested $20 million prior to Mantra's restructuring last year. Both companies expect the acquisition to be finalized within the third quarter of this year.
