At a time when much of the blockchain industry is still recovering from one of its most severe downturns, a small number of companies are quietly moving in the opposite direction: growing, building, and positioning themselves for the next era of adoption.
Public Masterpiece, a real-world asset tokenization company based in Cyprus, announced PMT Chain, its own purpose-built layer 1 blockchain. Alongside this announcement, the company confirmed a strategic repositioning: PMT, formerly short for Public Masterpiece Token, will now become Public Masterpiece Technology.
The timing is remarkable. Crypto experienced not just a correction, but a $1.1 trillion stress test that dismantled inflated narratives and exposed weak token models. Many projects will not return.
Public Masterpiece positions itself as one of the exceptions. Even before revealing its layer 1 ambitions, the company gained traction with its layer 2 presence on BNB Chain. Over the past 12 months, PMT price has reportedly risen 75%, 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.
PMT Chain is purpose-built for the tokenization of real-world assets, with the company positioning the network as an infrastructure for internationally renowned museums, galleries, private collectors and global brands seeking secure and transparent certification solutions.
At the center of the ecosystem will be a certification center in the UAE, staffed by appraisers, art experts and historians. The aim is to establish an international framework for the authentication and valuation of physical works of art on-chain, addressing long-standing issues such as counterfeiting, provenance manipulation and illegal trafficking of art, artifacts, collectibles and historical goods.
CEO Kamran Arki described the mission clearly:
“The last market cycle proved one thing: narratives collapse when foundations are weak. PMT Chain was designed for real value and long-term trust. Museums, collectors and brands need transparency, security and permanence. That’s exactly what we designed.”
Public Masterpiece revealed that PMT Chain was built over seven years, with five years dedicated solely to research and development, a timeline that stands in stark contrast to the fast-launch culture of the blockchain industry.
COO Garen Mehrabian highlighted the broader responsibility behind the project:
“Web3 won’t achieve mass adoption if it looks like a casino. Builders have a responsibility to create systems that people can trust and understand. We didn’t build PMT Chain to ride a wave. We built it to create an ecosystem that survives every wave.”
While art remains the cultural foundation, Public Masterpiece has confirmed that PMT Chain is designed to go beyond that, including real estate tokenization and broader RWA deployment. The network will also offer white label tokenization and certification solutions, allowing institutions and businesses to integrate blockchain infrastructure without building their own systems from scratch.
Perhaps most notably, Public Masterpiece has confirmed that several governments are already in discussions regarding the implementation of the PMT chain. No names have been revealed and the company has not announced a launch date. Although the blockchain is apparently ready, the founders said it will only go live when the timing is strategically optimal.
In a market where speculation has been punished and trust is in short supply, Public Masterpiece is betting that the next era of blockchain adoption will be defined by infrastructure, not hype.
About the public masterpiece
Public Masterpiece is a real-world asset tokenization company building blockchain infrastructure designed to support tokenization, certification, and provenance of physical value in art and broader real-world asset markets.
Useful links:
Website: https://www.publicmasterpiece.com/
X (Twitter): https://x.com/pm_token
LinkedIn: https://www.linkedin.com/company/public-masterpiece/
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