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.
- 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.
