New Blockchain Launches for Real-World Assets
What happened
A company named Public Masterpiece announced the launch of PMT Chain, a new Layer 1 blockchain. The project is built specifically for the real-world asset (RWA) economy, aiming to capitalize on the trend of asset tokenization.
Why it matters
- The project has been in development for seven years, with five years dedicated to research and development before the launch of the PMT Chain. - Public Masterpiece is led by CEO Kamran Arki and COO Garen Mehrabian. - The company is establishing a "Certification Hub" in the United Arab Emirates, which will be staffed by art experts, evaluators, and historians to authenticate and evaluate physical artworks for on-chain tokenization. - In a strategic shift, the company has rebranded the meaning of PMT from "Public Masterpiece Token" to "Public Masterpiece Technology" to reflect its new focus on foundational infrastructure. - Prior to launching its own Layer 1 blockchain, Public Masterpiece and its PMT token were active on the BNB Smart Chain as a Layer 2 presence. - The total and maximum supply of the Public Masterpiece Token (PMT) is set at 2,000,000,000 tokens. - While the initial focus is on art, the company has stated that the PMT Chain is designed to support a broader range of real-world assets, including real estate. - Public Masterpiece has previously collaborated with artists such as Romulo Kuranyi and Italian designer Moreno Pisano for real-world asset drops.
Key numbers
- A company named Public Masterpiece announced the launch of PMT Chain, a new Layer 1 blockchain.
- Prior to launching its own Layer 1 blockchain, Public Masterpiece and its PMT token were active on the BNB Smart Chain as a Layer 2 presence.
- The total and maximum supply of the Public Masterpiece Token (PMT) is set at 2,000,000,000 tokens.
What happens next
- The project has been in development for seven years, with five years dedicated to research and development before the launch of the PMT Chain.
- The company is establishing a "Certification Hub" in the United Arab Emirates, which will be staffed by art experts, evaluators, and historians to authenticate and evaluate physical artworks for on-chain tokenization.
- A company named Public Masterpiece announced the launch of PMT Chain, a new Layer 1 blockchain.
Quick answers
What happened in New Blockchain Launches for Real-World Assets?
A company named Public Masterpiece announced the launch of PMT Chain, a new Layer 1 blockchain. The project is built specifically for the real-world asset (RWA) economy, aiming to capitalize on the trend of asset tokenization.
Why does New Blockchain Launches for Real-World Assets matter?
The project has been in development for seven years, with five years dedicated to research and development before the launch of the PMT Chain. Public Masterpiece is led by CEO Kamran Arki and COO Garen Mehrabian. The company is establishing a "Certification Hub" in the United Arab Emirates, which will be staffed by art experts, evaluators, and historians to authenticate and evaluate physical artworks for on-chain tokenization. In a strategic shift, the company has rebranded the meaning of PMT from "Public Masterpiece Token" to "Public Masterpiece Technology" to reflect its new focus on foundational infrastructure. Prior to launching its own Layer 1 blockchain, Public Masterpiece and its PMT token were active on the BNB Smart Chain as a Layer 2 presence. The total and maximum supply of the Public Masterpiece Token (PMT) is set at 2,000,000,000 tokens. While the initial focus is on art, the company has stated that the PMT Chain is designed to support a broader range of real-world assets, including real estate. Public Masterpiece has previously collaborated with artists such as Romulo Kuranyi and Italian designer Moreno Pisano for real-world asset drops.
