Onchain Media priceOM

$OM Mantra announces cuts to focus on real-world assets. Project optimizes operations after native token collapse. New phase prioritizes mantraUSD, L1 blockchain, and Mantra Finance. Mantra, a blockchain project focused on real-world assets (RWAs), announced a broad internal restructuring after facing one of the most challenging periods since its inception. CEO John Patrick Mullin described the past year as the most difficult in the company's history, citing a sharp devaluation of the native token and prolonged pressure in the cryptocurrency market. In a statement released Wednesday, Mullin announced that Mantra is undergoing a transition to a leaner structure, focusing on capital efficiency and adapting to current market conditions. The restructuring includes layoffs across several teams and operational adjustments aimed at improving resource allocation to strategic areas. “I take full responsibility for these decisions and for the path that has brought us here. I know this is an extremely difficult situation, especially for those directly affected, for their families, and for everyone at MANTRA. I especially apologize to those who are leaving us,” Mullin stated. Related Stories When commenting on the changes, the executive emphasized that the motivation was not exclusively economic. In an interview, he stated that the main intention is to increase effectiveness in execution and refocus on long-term initiatives. Today, I'm sharing one of the most difficult decisions we've had to make at MANTRA. After the most challenging year MANTRA has faced for a multitude of reasons, I've decided to restructure the company. This includes reducing our team size and parting ways with a number of… Despite the cuts, Mullin stressed that the core strategy remains firm: “This has not altered our core RWA strategy in any way. On the contrary, we are reinforcing it,” he stated, emphasizing the commitment to solutions that involve real-world assets on the blockchain. Among the priorities for the new cycle, Mantra is placing emphasis on its layer 1 blockchain, the development of the mantraUSD stablecoin, and the Mantra Finance platform. The idea is to consolidate these pillars as a foundation for expanding the project's presence in the RWA sector. The reorganization comes at a time when several initiatives in the sector face similar challenges, seeking ways to balance operational sustainability with maintaining their innovation and growth plans in the crypto ecosystem. Currently, the OM token is trading at US$0,08013, up 2% in the last 24 hours. The cryptocurrency was once valued near US$8,99 in February 2025, accumulating a drop of more than 99% from its all-time high. Since then, the team has been working to try to regain investor confidence and reposition the project in the market.

$OM going 5$ again Mantra announces cuts to focus on real-world assets. Project optimizes operations after native token collapse. New phase prioritizes mantraUSD, L1 blockchain, and Mantra Finance. Mantra, a blockchain project focused on real-world assets (RWAs), announced a broad internal restructuring after facing one of the most challenging periods since its inception. CEO John Patrick Mullin described the past year as the most difficult in the company's history, citing a sharp devaluation of the native token and prolonged pressure in the cryptocurrency market. In a statement released Wednesday, Mullin announced that Mantra is undergoing a transition to a leaner structure, focusing on capital efficiency and adapting to current market conditions. The restructuring includes layoffs across several teams and operational adjustments aimed at improving resource allocation to strategic areas. “I take full responsibility for these decisions and for the path that has brought us here. I know this is an extremely difficult situation, especially for those directly affected, for their families, and for everyone at MANTRA. I especially apologize to those who are leaving us,” Mullin stated. Related Stories When commenting on the changes, the executive emphasized that the motivation was not exclusively economic. In an interview, he stated that the main intention is to increase effectiveness in execution and refocus on long-term initiatives. Today, I'm sharing one of the most difficult decisions we've had to make at MANTRA. After the most challenging year MANTRA has faced for a multitude of reasons, I've decided to restructure the company. This includes reducing our team size and parting ways with a number of… Despite the cuts, Mullin stressed that the core strategy remains firm: “This has not altered our core RWA strategy in any way. On the contrary, we are reinforcing it,” he stated, emphasizing the commitment to solutions that involve real-world assets on the blockchain. Among the priorities for the new cycle, Mantra is placing emphasis on its layer 1 blockchain, the development of the mantraUSD stablecoin, and the Mantra Finance platform. The idea is to consolidate these pillars as a foundation for expanding the project's presence in the RWA sector. The reorganization comes at a time when several initiatives in the sector face similar challenges, seeking ways to balance operational sustainability with maintaining their innovation and growth plans in the crypto ecosystem. Currently, the OM token is trading at US$0,08013, up 2% in the last 24 hours. The cryptocurrency was once valued near US$8,99 in February 2025, accumulating a drop of more than 99% from its all-time high. Since then, the team has been working to try to regain investor confidence and reposition the project in the market.

$OM Mantra announces cuts to focus on real-world assets. Project optimizes operations after native token collapse. New phase prioritizes mantraUSD, L1 blockchain, and Mantra Finance. Mantra, a blockchain project focused on real-world assets (RWAs), announced a broad internal restructuring after facing one of the most challenging periods since its inception. CEO John Patrick Mullin described the past year as the most difficult in the company's history, citing a sharp devaluation of the native token and prolonged pressure in the cryptocurrency market. In a statement released Wednesday, Mullin announced that Mantra is undergoing a transition to a leaner structure, focusing on capital efficiency and adapting to current market conditions. The restructuring includes layoffs across several teams and operational adjustments aimed at improving resource allocation to strategic areas. “I take full responsibility for these decisions and for the path that has brought us here. I know this is an extremely difficult situation, especially for those directly affected, for their families, and for everyone at MANTRA. I especially apologize to those who are leaving us,” Mullin stated. Related Stories When commenting on the changes, the executive emphasized that the motivation was not exclusively economic. In an interview, he stated that the main intention is to increase effectiveness in execution and refocus on long-term initiatives. Today, I'm sharing one of the most difficult decisions we've had to make at MANTRA. After the most challenging year MANTRA has faced for a multitude of reasons, I've decided to restructure the company. This includes reducing our team size and parting ways with a number of… Despite the cuts, Mullin stressed that the core strategy remains firm: “This has not altered our core RWA strategy in any way. On the contrary, we are reinforcing it,” he stated, emphasizing the commitment to solutions that involve real-world assets on the blockchain. Among the priorities for the new cycle, Mantra is placing emphasis on its layer 1 blockchain, the development of the mantraUSD stablecoin, and the Mantra Finance platform. The idea is to consolidate these pillars as a foundation for expanding the project's presence in the RWA sector. The reorganization comes at a time when several initiatives in the sector face similar challenges, seeking ways to balance operational sustainability with maintaining their innovation and growth plans in the crypto ecosystem. Currently, the OM token is trading at US$0,08013, up 2% in the last 24 hours. The cryptocurrency was once valued near US$8,99 in February 2025, accumulating a drop of more than 99% from its all-time high. Since then, the team has been working to try to regain investor confidence and reposition the project in the market.

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