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.