LayerZero ecosystem's full-chain NFT protocol Holograph has completed a new round of financing of $3 million, led by Mechanism Capital and Selini Capital

ChainCatcher news, LayerZero's full-chain NFT protocol Holograph has announced the completion of a new strategic financing round of $3 million, led by Mechanism Capital and Selini Capital, with participation from Northrock Capital, Arca, Courtside Ventures, and Hartmann Capital from Hal Press. The total financing for the project has now reached $11 million.

Holograph's full-chain technology allows for the creation of NFT assets that can be used across multiple Ethereum-compatible blockchains. The new funding aims to accelerate its expansion into the growing blockchain gaming market, with a focus on supporting tokens on Ethereum-compatible networks, including Optimism, Arbitrum, Avalanche, BNB Chain, Base, Mantle, Zora, and Linea.

Additionally, the Web3 asset data platform RootData shows that Holograph is a full-chain tokenization protocol that enables asset issuers to mint native composable full-chain tokens. Holograph works by burning tokens on the source chain, sending messages to the target chain via a messaging protocol, and then re-sending the same amount of tokens to the same contract address. This unifies liquidity, eliminates slippage, and maintains interoperability between blockchains.