Holograph Secures $3M to Expand Omnichain NFT Use in Web3 Gaming

Holograph, a leader in omnichain tokenization, has secured another $3 million to expand its influence in blockchain gaming. This investment, led by Mechanism Capital and Selini Capital, brings Holograph's total funding to $11 million.

The company is renowned for its novel approach to NFTs, which allows game developers to deploy game assets across various EVM chains. This approach greatly broadens the market reach for games and reduces friction for both players and developers.

Jason Trikakis, Holograph's co-founder, noted the practicality of their system. "When building games on-chain, an important question arises: On what chain do you deploy your in-game assets? With Holograph, the answer is simple: deploy on all of them," he said. 

The Holograph protocol hosts an extensive range of EVM-compatible chains, such as Ethereum mainnet, Optimism, Arbitrum, Avalanche, and more. To date, it has issued over 10 million omnichain tokens held by around 1.5 million unique wallets.

Andrew Kang, Managing Partner at Mechanism Capital, shared his enthusiasm for this venture. "The industry is on the verge of a major transformation, and Holograph's cutting-edge tech paves the way for an exciting new era," he said. 

With more and more blockchain games looking for networks that offer low fees and high transaction speeds, Layer 1 networks like Solana and Avalanche and Ethereum scaling solutions like Optimism and Polygon have been popular choices. However, the shift to customized Ethereum scaling networks reflects a rising preference for solutions with more tailored capabilities.

Holograph's recent funding round not only highlights the growing interest in blockchain gaming but also sets the stage for them to lead in the field of omnichain gaming. This move will redefine how game assets are created and distributed across blockchain networks.