Holograph, a tokenization layer for the omnichain ecosystem, has secured $11 million in a strategic funding round, it announced today.
The round was led by Mechanism Capital and Selini Capital, with additional contributions from Northrock Capital, Arca, Courtside Ventures, and Hartmann Capital.
“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. This investment reiterates our commitment to supporting dynamic ventures that push the boundaries of what’s possible in gaming,” said Andrew Kang, Managing Partner at Mechanism Capital.
Holograph's tech lets game developers easily tokenize assets across different blockchain networks, making asset management simpler and giving users a better experience. The protocol is also easy to deploy on new chains while ensuring asset interoperability and liquidity across gaming platforms and NFT marketplaces.
With fresh capital in hand, Holograph plans to use the funding to make new key hires and is also eyeing up more partnerships with other digital communities and individuals seeking to dive into the Web3 space.
Jeremy Kerbel, Co-Founder and CEO of Holograph added: “We are immensely grateful for the support and confidence of our lead investors, as well as from all our strategic partners in this round. This milestone validates our vision and strengthens our resolve to enhance the gaming industry with our omnichain technology, enabling more immersive and interconnected experiences for all players.”
Since its mainnet launch in 2023, Holograph played a role in minting over 10 million omnichain tokens, which have been used by 1.5 million unique wallets. Moreover, the protocol helped facilitate more than 2 million cross-chain transactions, according to its press release.
Leveraging LayerZero’s interoperability infrastructure, developers can use Holograph to create and bridge NFTs across different networks, giving them flexibility in hosting token sales or issuing NFTs.