Holograph (HLG): Streamlining Omnichain Tokenization
As blockchain technology proliferates, the digital landscape sees an increasing number of blockchains operating as isolated entities. This fragmentation hinders network effects and creates cumbersome user experiences.
Holograph’s omnichain token ecosystem emerges as a solution, offering a platform that supports seamless asset transfers across multiple blockchains to enhance interoperability, unify liquidity and streamline cross-chain user experiences.
Key Takeaways:
Holograph is an innovative protocol designed to facilitate the tokenization and management of assets across various blockchain environments.
Looking to obtain Holograph tokens? Bybit ByStarter now offers HLG tokens.
What Is Holograph?
Holograph is an innovative protocol designed to facilitate the tokenization and management of assets across various blockchain environments through its integration with LayerZero’s interoperability infrastructure.
Holograph addresses the core challenges of blockchain interoperability by enabling assets to maintain consistent identities and functionalities, regardless of the blockchain on which they operate. The protocol is compatible with numerous Ethereum virtual machine (EVM)-compatible chains, such as Ethereum, Polygon, Optimism, Base, Zora Network, Arbitrum, Mantle Network, BNB Chain, Avalanche and Linea.
This extensive support allows for the minting of omnichain fungible and non-fungible tokens (NFTs) on any of these networks, with the added capability to bridge these assets seamlessly to other networks. Such flexibility is particularly beneficial for game developers, who can launch token sales or issue NFTs across various platforms without restrictions.
To date, Holograph has facilitated the minting of millions of these types of tokens, establishing itself as the premier protocol for the production and distribution of cross-chain assets.
History of Holograph
Holograph was founded with the vision of simplifying the complexities associated with blockchain asset management. Backing from reputable investors, such as Mechanism Capital, Selini Capital and Animoca Brands, has positioned Holograph as a pivotal player in the blockchain space.
What Does Holograph Aim to Achieve?
The primary objective of Holograph is to simplify the blockchain experience by enabling a universal protocol that supports minting, sending and receiving tokens across multiple blockchains. This system is designed to support a wide range of chains, adhere to common standards and provide flexible security parameters, thus facilitating a more connected and efficient blockchain ecosystem.
How Does Holograph Work?
Holograph operates on a sophisticated mechanism known as the Holographic Transfer Process (HTP). It involves burning tokens on the source chain, sending a message via a messaging protocol to the destination chain and reminting the tokens while maintaining the same contract address and token attributes. This method ensures that a token’s liquidity and fungibility are preserved, enhancing its utility across various platforms.
Features of Holograph
Following are the multiple features that Holograph offers.
Preserve Fungibility
Holograph ensures that tokens retain the same contract address across different blockchains, simplifying the process of asset tracking and management.
Unify Liquidity
By enabling assets to move freely across chains through the burn-and-mint transport process, Holograph unifies liquidity and makes it easier for users to trade and manage their assets.
Retain Sovereignty
Asset issuers have complete control over their tokens, and decide how and where they can be used, which is critical for maintaining autonomy within decentralized networks.
Use Cases of Holograph
Holograph's versatile framework supports a variety of use cases, as follows.
Digital Art
Artists can leverage Holograph to mint and manage digital artworks as NFTs across multiple blockchains, which allows the artists to reach wider audiences and enhance the value of their digital creations without the risk of duplication or loss of copyright.
Gaming Items
Game developers can utilize Holograph to create and manage in-game assets, such as currencies and equipment, ensuring that these assets can be used across different gaming platforms without any barriers.
Real-World Assets
Financial institutions and other entities can use Holograph to tokenize real-world assets, such as stablecoins and real estate, thereby facilitating their management, transfer and sale in a secure and efficient manner.
Holograph Road Map
Holograph has successfully raised significant funding to enhance its technological framework and expand its reach in the blockchain gaming sector. It recently raised its total funding to $11 million with a strategic funding round led by Mechanism Capital and Selini Capital. With ongoing developments and strategic partnerships, it aims to revolutionize the way that digital assets are utilized and perceived.
HLG Tokenomics
HLG, the native token of the Holograph ecosystem, seamlessly transfers across multiple blockchains while retaining its data integrity, thanks to specially configured smart contracts that utilize the CREATE2 opcode for consistent contract addressing. This natively composable token enhances interoperability within the blockchain ecosystem, allowing for fluid movement and interaction across various platforms without favoring any specific network.
Additionally, HLG minimizes the risks typically associated with token bridging by employing a burn-and-remint process that ensures secure and reliable cross-chain transactions.
HLG has a token supply of 10 billion tokens.
Where to Claim HLG
Looking to obtain Holograph tokens? Bybit now offers HLG tokens through the Bybit ByStarter. To get started, you’ll first need to create a Bybit account and complete Identity Verification. Once that’s done, connect your wallet via Bybit Wallet and verify your eligibility for the whitelist. Then, you’ll need to commit 100 USDT during the Registration Period. If all of the above steps are successfully completed, you’ll be guaranteed to receive HLG tokens directly into your Bybit Funding Account. The 100 USDT you’ve committed will be returned to your Funding Account when the Distribution Period ends.
Closing Thoughts
Holograph is poised to redefine the landscape of blockchain technology with its advanced tokenization protocol. By enabling seamless interoperability and enhancing the functionality of digital assets across multiple platforms, Holograph is setting a new standard for the future of decentralized technology.
#LearnWithBybit