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As the blockchain technology continues to evolve, Public Masterpiece, a Cyprus-based real-world asset tokenization company, has announced the launch of PMT Chain, its own purpose-built Layer 1 blockchain.
Following today’s official announcement, the company confirmed it has rebranded its PMT (formerly Public Masterpiece Token) to Public Masterpiece Technology.
The development has come amid prolonged crypto market turmoil, during which many projects have exited the market. While Public Masterpiece is positioning itself as an exception, the company has built traction through its Layer 2 presence on BNB Chain, even before announcing its Layer 1 ambitions.
Per the announcement, PMT has reportedly increased in price by 75% over the past 12 months, outperforming 86% of the top 100 crypto assets, including Bitcoin and Ethereum, while trading above its 200-day moving average and remaining near its all-time high.
Nonetheless, PMT Chain is designed specifically for real-world asset tokenization, positioning the network as infrastructure for internationally renowned museums, galleries, private collectors, and global brands seeking secure, transparent certification solutions.
The project has provided a Certification Hub in the UAE, staffed by evaluators, art experts, and historians, to establish an international framework for authenticating and evaluating physical artworks on-chain, addressing long-standing issues such as forgery, provenance manipulation, and the illegal trafficking of art, artifacts, collectibles, and historical goods.
Describing the mission with clarity, CEO Kamran Arki said;
“The last market cycle proved one thing: narratives collapse when foundations are weak. PMT Chain was built for real-world value and long-term trust. Museums, collectors, and brands need transparency, security, and permanence. That is exactly what we engineered.”
Furthermore, Public Masterpiece revealed that PMT Chain has been built over seven years, with five years dedicated solely to research and development, a timeline that stands in sharp contrast to the rapid-launch culture of the blockchain sector.
In addition, Public Masterpiece announced that the network will offer white-label tokenization and certification solutions, enabling institutions and companies to integrate blockchain infrastructure without building their own systems from scratch.
Notably, Public Masterpiece confirmed that several governments are already in discussions about PMT Chain implementation. No names have been revealed, and the company has not announced a launch date. While the blockchain is reportedly ready, the founders have stated it will go live only when the timing is strategically optimal.
Source: https://zycrypto.com/public-masterpiece-launches-pmt-chain-to-advance-the-real-world-asset-economy/
