Holograph Expands 'Omnichain' Gaming NFT Push With New Funding
Summary
Holograph, an omnichain tokenization protocol that mints NFT assets that can be utilized across multiple chains, announced Monday that it has raised a new strategic round of funding as it expands into the growing blockchain gaming space.The latest round of funding amounts to $3 million, and was led by Mechanism Capital and Selini Capital. The strategic round pushes Holographs total funding to date to $11 million.Blockchain games typically require networks that are low in fees and high in transaction speed. With Holograph, the answer is simple: deploy on all of them, Holograph co-founder and Head of Product Jason Trikakis told Decrypts GG.Limiting in-game assets to a single chain severely reduces a games addressable market, as well as creates friction for game developers and players, he continued. "We are thrilled to lead this strategic round for Holograph, a project that stands at the forefront of the omnichain gaming revolution," said Andrew Kang, Managing Partner at Mechanism Capital, in a statement. "The industry is on the verge of a major transformation, and Holographs cutting-edge tech paves the way for an exciting new era in which gamers and developers can harness the power of cross-chain interoperability.