Los Angeles, CA, April 29th, 2024, Chainwire

The omnichain tokenization protocol, Holograph, has successfully raised $11M in a strategic funding round spearheaded by Mechanism Capital and Selini Capital. This funding will be utilized to further the development of omnichain gaming. Apart from Mechanism & Selini, other contributions came from Northrock Capital, Arca, Courtside Ventures, and Hartmann Capital.

According to Andrew Kang, Managing Partner at Mechanism Capital, this investment in Holograph signifies the beginning of a transformative era in the gaming industry. The innovative technology of Holograph enables cross-chain interoperability, allowing gamers and developers to explore new possibilities in gaming.

Jordi Alexander, the founder of Selini Capital, emphasized their belief in the potential of cross-chain asset production and distribution, citing Holograph's progress in this area as a compelling reason for investment. The ability of Holograph to facilitate seamless asset transfer across multiple chains is seen as a gateway to novel opportunities for users and developers alike.

Through Holograph, game developers can tokenize assets across various chains. The protocol ensures that token addresses remain consistent, simplifying asset management and enhancing the player experience. Deployment on new chains is streamlined, promoting asset interoperability between games and NFT marketplaces.

Since its launch in 2023, Holograph has facilitated the minting of over 10 million omnichain tokens by 1.5 million unique wallets and enabled more than 2 million cross-chain transactions. The support from investors and strategic partners has bolstered Holograph's vision to revolutionize the gaming industry with its omnichain technology.

Holograph currently supports multiple EVM chains, allowing NFT minting on any supported chain and seamless bridging to other networks. This flexibility empowers game developers to conduct token sales or issue NFTs on a network of their choice.

About Holograph

Holograph is a leading omnichain tokenization protocol, enabling the minting of cross-chain assets through LayerZero’s interoperability infrastructure. With millions of omnichain tokens already minted, Holograph is at the forefront of cross-chain asset production and distribution.

For more information, visit Holograph's website.

Contact

Avishay Litani
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Disclaimer: This is a paid press release. CoinMarketCap advises conducting individual due diligence and seeking advice from a financial advisor before engaging in any cryptocurrency investments.