Holograph, an omnichain tokenization protocol, has raised $3M in a new round of funding, led by Mechanism Capital and Selini Capital.
The new funds are aimed at accelerating Holograph’s expansion into the growing market of blockchain gaming, focusing on tokens that can operate seamlessly across multiple Ethereum-compatible networks.
Holograph’s omnichain technology allows for the creation of NFT assets that can be used across multiple Ethereum-compatible blockchains. The company aims to address a common challenge in blockchain gaming: choosing which network to deploy on. With its omnichain approach, game developers can deploy assets across several chains, offering greater flexibility.
Reducing Constraints with Single-Chain Deployment
Jason Trikakis, Co-founder and Head of Product at Holograph, explained that their technology aims to remove the limitations of deploying on a single chain. “Going omnichain broadens a game’s distribution and exposure throughout the entire on-chain ecosystem. Furthermore, native composability unlocks new capabilities for in-game items, fostering interoperability between chains, games, and marketplaces,” he said.
The Holograph protocol currently supports various EVM chains, including the Ethereum mainnet, Optimism, Arbitrum, Avalanche, BNB Chain, Base, Mantle, Zora, and Linea. To date, Holograph has minted over 10 million omnichain tokens across approximately 1.5 million unique wallets.
Andrew Kang, Managing Partner at Mechanism Capital, noted that Holograph’s technology aligns with the trend toward greater interoperability in blockchain gaming. “The industry is on the verge of a major transformation, and Holograph’s cutting-edge tech paves the way for an exciting new era in which gamers and developers can harness the power of cross-chain interoperability,” he explained.
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The post Holograph Secures $3M Funding to Advance Omnichain Gaming appeared first on NFT Plazas.
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