Holograph Secures $3M for Blockchain Gaming Expansion

Holograph, the pioneering omnichain tokenization protocol, announced a significant boost in its growth trajectory with a new strategic funding round of $3 million on Monday. Led by Mechanism Capital and Selini Capital, this latest infusion brings Holograph’s total funding to an impressive $11 million, underpinning its expansion into the burgeoning blockchain gaming sector.

Blockchain gaming demands networks that offer low fees and high transaction speeds. While networks like Solana and Avalanche, along with Ethereum scaling solutions like Optimism and Polygon, have traditionally supported these requirements, there is a growing trend towards using specialized Ethereum scaling networks such as Ronin and Arbitrum-based Xai for game development.

However, Holograph adopts a unique omnichain approach, allowing game studios to deploy assets across multiple chains seamlessly. This strategy effectively mitigates the risks associated with committing to a single network and opens up broader distribution possibilities for gaming assets.

Jason Trikakis, Holograph’s co-founder and Head of Product, emphasizes the flexibility of their model in an interview. He explains that limiting in-game assets to one blockchain can significantly narrow a game’s market reach and create friction for developers and players. Holograph’s omnichain model not only broadens the game’s distribution but also enhances interoperability across different chains, games, and marketplaces through native composability, unlocking new functionalities for in-game items.

Currently, Holograph supports a diverse range of Ethereum Virtual Machine (EVM) compatible chains, including Ethereum mainnet, Optimism, Arbitrum, Avalanche, BNB Chain, Base, Mantle, Zora, and Linea. To date, the protocol has minted over 10 million omnichain tokens used in approximately 1.5 million unique wallets, showcasing its widespread adoption and utility.

Andrew Kang, Managing Partner at Mechanism Capital, expressed his enthusiasm about leading this strategic round for Holograph. He highlighted the protocol’s crucial role in spearheading what he describes as an “omnichain gaming revolution.” Kang believes that the industry is poised for a significant transformation, with Holograph’s innovative technology facilitating a new era of cross-chain interoperability that benefits both gamers and developers.