Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
MANTRA Set to Downsize Staff, Deprecate Token in Strategic Restructuring

MANTRA Set to Downsize Staff, Deprecate Token in Strategic Restructuring

CoinEditionCoinEdition2026/01/14 17:06
By:CoinEdition

MANTRA, the layer 1 blockchain solution focused on Real-World Assets, has announced a restructuring program that will change its operational mode and team structure in 2026. MANTRA founder John Patrick Mullin explained the latest development in his latest post on X, highlighting the reasons for the restructuring while stating the project’s way forward to the community.

Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA.

After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of…

— JP Mullin (🕉, 🏘️)

According to Mullin, the restructuring decision was born out of a challenging period, leading to the urgent need to downsize the company staff as part of a strategic shift. Mullin noted that the new MANTRA structure would run on a leaner team with streamlined operations, focus on resources, and commit to disciplined execution.

In the meantime, Mullin cited specific reasons behind its decision to restructure the project, including the inability to meet pre-planned targets. According to him, “unfair” events of April 2025, alongside the prolonged market downturn, increased competition, and shifting market dynamics, disrupted MANTRA’s program.

After an ambitious investment period between 2024 and the first quarter of 2025, the cited setbacks made the project’s cost structure unsustainable due to its near-term realities. Hence, the pursuit of a more capital-efficient and laser-focused strategy that would include cutting down on non-essential spending, optimizing processes, and redirecting efforts toward MANTRA’s highest-priority initiatives.

Meanwhile, Mullin cited some departments that will be most affected in the downsizing exercise, including business development, marketing, HR, and other support roles. Besides the cut down in size of the operational staff, MANTRA has announced the formal deprecation of its ERC20 OM. In an official post on X, the blockchain project informed users that the token standard will become formally deprecated on Thursday, January 15, 2026.

(adsbygoogle = window.adsbygoogle || []).push({});

MANTRA’s challenges reflected the price of its native token, OM, which suffered significant depreciation last year, losing over 99% value, according to data from TradingView.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Once frenzied buying, now the "ammunition warehouse" shrinks by 51 trillion KRW! Korean retail investors can no longer afford to buy

In four months, Korean retail investors' "ammunition stockpile" has dropped by 36.5%, returning to levels seen at the beginning of the year. Although retail investors have collectively made net purchases exceeding 75 trillion won, they are still absorbing the sell-off, but the influx of new funds has dried up, and the replenishment rate lags far behind the consumption rate. Combined with the KOSPI plunging nearly 20% this month, continued net selling by foreign investors, and concerns over AI-related credit risks, the Korean stock market may find it difficult to see a sustained rebound in the short term without support from private investors' funds.

华尔街见闻•2026/10/24 08:46

The Collapse of "Consensus Trading" and the Birth of a New Consensus! Goldman Sachs Explains: Why Institutions Are Currently Significantly Reducing AI Holdings

The extremely crowded trade of "going long on AI, short on everything else" is undergoing a painful unwinding—markets are no longer satisfied with the "burn rate narrative." Mega-scale cloud providers must deliver real, visible revenue conversions alongside $1.1 trillion in capital expenditures. A power gap of 40-50 gigawatts, rising capital costs, and a macro paradigm shift from an era of "overspending" are turning AI trades from a matter of faith into a harsh test of monetization.

华尔街见闻•2026/10/24 06:26
The Collapse of "Consensus Trading" and the Birth of a New Consensus! Goldman Sachs Explains: Why Institutions Are Currently Significantly Reducing AI Holdings