Public Masterpiece Announces RWA-Focused L1 Blockchain
The company Public Masterpiece has announced the development of PMT Chain, a new Layer 1 blockchain. The network is being built specifically to support the real-world asset (RWA) economy. The announcement positions the project to capitalize on the next wave of blockchain adoption focused on tokenizing real-world assets.
- The project has a seven-year development history, with five years dedicated to research and development before the recent Layer 1 announcement. [- Public Masterpiece's](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFbLE_pwyV8i13uID47W5uVjHh-0XbeQgRYwwMnDjcyCBjT3P9nyfo07JrllXGHO22mNvTwnq5ZLZ0xOO1vFWNCj31OZ-dg-7gnmu9Kf0boAC7paMJjv3-0rCNTW0gsBJRNuIu3UZdX0qtnRruv5YNwbZq1LlvPDpdKTTIhuLlFciBNF_gLL0vXks2EbTSpPZ-viEQJChtrC9zGyotzLlL_Cxxgal1q6k4K6ajSNHD-9ExwvA3dpjZ7pH76UGA=) token (PMT) originally launched as the "Public Meme Token" before rebranding to "Public Masterpiece Token" and now "Public Masterpiece Technology" to align with its new focus. - The existing PMT token is a BEP-20 token on the BNB Smart Chain with the contract address 0x68Ae2F202799be2008c89e2100257e66F77DA1f3. - The total and maximum supply of the PMT token is 2,000,000,000. - The project is establishing a "Certification Hub" in the UAE, staffed with art experts and historians to create a framework for authenticating physical artworks on-chain. - Public Masterpiece has confirmed that it is in discussions with several governments regarding the implementation of the PMT Chain, though no specific nations have been named. - The company has announced collaborations with artists such as Rocketbyz, known for his work with celebrities like Jason Derulo, as well as Brazilian artist Romulo Kuranyi and Italian designer Moreno Pisano. - While initially focused on art, the company has stated that the PMT Chain is designed to expand to other RWA sectors, including real estate tokenization.
