New Layer-1 'PMT Chain' Announced for RWA Economy
Public Masterpiece announced the PMT Chain, a new Layer-1 blockchain built specifically for the real-world asset (RWA) economy. The project aims to position itself for the next era of blockchain adoption by focusing on tokenized real-world assets. The announcement comes as the RWA sector gains increasing attention across the industry.
- Before the new Layer-1, Public Masterpiece operated on the BNB Chain as a Layer-2 presence; with the announcement, the meaning of PMT was repositioned from Public Masterpiece Token to Public Masterpiece Technology. - The project was co-founded by Kamran Arki, who serves as CEO, and OUM Sophea Pheach. - A core component of the ecosystem will be a Certification Hub located in the UAE, which will be staffed by art experts and historians to authenticate and evaluate physical artworks for on-chain verification. - The initiative aims to solve longstanding issues in the art world, such as forgery, the manipulation of provenance records, and the illegal trafficking of artifacts and collectibles. - The market for tokenized real-world assets was valued at approximately $24 billion in 2025, with some analysts projecting it could grow to between $2 trillion and $4 trillion by 2030. - The PMT Chain enters a competitive space with other Layer-1 blockchains focused on RWAs, such as MANTRA and Arc. - Major financial institutions like BlackRock, Fidelity, and Franklin Templeton are already active in the RWA sector, driving issuance volumes. - Over the 12 months prior to the announcement, the existing PMT token reportedly saw a 75% price increase, outperforming 86% of the top 100 crypto assets.
