Mantra entered Shibarium’s digital space on August 28, 2023, launching a dynamic marketplace destined to become the hub of all NFT activities within the ecosystem. From humble beginnings on a founder’s laptop, Mantra has since evolved into the nucleus of Shibarium’s NFT culture, amassing over 650k BONE in volume and about 500k transactions.
Feature-Rich Platform Accelerates NFT Trading
Regarded as more than just a marketplace, Mantra positions itself as an ever-evolving protocol. Its marketplace, bursting with features like browsing, filtering, sorting, and integrated royalties, offers a swift and satisfying experience for users. Unique selling points include the ability to bundle NFTs in single listings and a diverse array of trading currencies like BONE, SHIB, and more, solidifying its role as an empowerment tool for Shibarium’s NFT collections.
Innovative Liquidity Solutions Fueling the Ecosystem
Mantra’s NFT Lending Protocol is a unique innovation aimed at injecting liquidity into Shibarium’s economy. This protocol allows users to earn yield on tokens through interest from loans, while borrowers can unlock instant liquidity against their NFTs without selling them. Features like debt refinancing and collateral sales enhance the protocol’s robustness, fostering alignment and a healthier environment for all participants. Lending constitutes approximately 30% of Mantra’s total volume, a testament to its significance.
Teh Toros: Crafting a Social Layer for a Decentralized Metropolis
Mantra’s own NFT collection, Teh Toros, was launched to bolster community engagement and is envisioned to be one of the premier collections on Shibarium. Representing 10,000 bulls on a path to enlightenment, Toros not only add to the social fabric of Mantra but are also integral to the economic framework of a decentralized protocol city being developed. Holders of Toros benefit from Mantra’s revenue and are key players in a hyper-liquid economy, backed by the Mantra Investments Fund.
Pioneering the Future NFT Financial Ecosystem
Looking forward, Mantra’s ambition extends beyond creating a liquidity layer; it’s reshaping the economic landscape for NFTs. The platform aims to introduce a suite of financial services for NFTs, including novel trading positions, fractional purchases, and pre-sale liquidity options. Mantra plans to leverage Liquid Staking Derivatives like $knBONE by K9 Finance to unlock endless financial possibilities within Shibarium.
With an eye on the future, Mantra promises to bring groundbreaking and unconventional advances to the NFT sector. As Shibarium grows, so too does the potential of Mantra, paving the way for an innovative, decentralized financial frontier.
Expect big (and weird!) things coming for NFTs on Shibarium. Mantra moves onwards!
