Mantra, a blockchain project specializing in real-world assets, is undergoing a restructuring after a challenging year marked by a significant token collapse and market pressure. CEO John Patrick Mullin announced a transition to a leaner structure, with job cuts and operational streamlining to align with market conditions. The focus remains on the RWA strategy. The OM token saw a drastic decline from $8.99 to $0.59 last year, prompting governance measures and burning 150 million tokens. The restructuring aims to improve execution and concentrate on core opportunities. Relations with crypto exchange OKX have been strained, with a call for OM holders to withdraw tokens. Staff cuts target business development, marketing, and support functions to streamline operations.(Source: Cointelegraph)

Read more at Cointelegraph: Mantra Restructures, Cuts Staff After OM Token Collapse