What is a holograph? Holograph is a digital asset aggregation protocol. Holograph is designed for creating, trading NFTs, DEXs, borrowing and lending cross-chain assets. So what features does Holograp have? What makes Holograp stand out? Join the Weakhand team to find out below in this article!
To understand more about Holograp, you can read the following articles:
- What is LayerZero? LayerZero Cryptocurrency Overview
- LayerZero’s Working Mechanism
What is a Holograph?
Holograp is a digital asset aggregation protocol that applies Layer Zero technology. Is a Smart contract protocol that allows fungible and non-fungible tokens to move across EVM-compatible blockchains, while maintaining the Smart contract address, token ID, and underlying data. copy.
- Fungible tokens (hFTs) created with Holograph maintain the same contract address across all EVM environments, providing a concise and clear method to audit locked liquidity.
- Non-fungible tokens (hNFTs) created with Holograph maintain the same contract address and token ID across all EVM environments, allowing them to move between networks.
Holograph is purpose-built to create Holograph assets, opening up new use cases for NFTs, DEXs, borrowing and lending, gaming.
Mechanism of action
Main features of Holograph:
- NFT: Create and buy NFTs on any blockchain and with any token.
- DEX: Swap assets into multiple blockchains in one transaction.
- Borrowing and lending: Borrowing and lending assets across the chain with high capital efficiency.
- Game: Move in-game assets around metadata while maintaining utility.
Holograph application
Holograph provides a user interface for cross-chain NFT creation and trading, empowering users by allowing:
- Deploy collections across multiple networks at once.
- Distribute collections across multiple networks at once.
- Collect royalties across multiple markets across multiple networks.
Holograph Protocol
The Holograph Protocol provides a set of smart contracts that enable digital asset data to exist across multiple execution environments. The protocol empowers developers by providing:
- Command line interface for protocol interactions.
- APIs, libraries, and SDKs for building multi-threaded applications are built-in.
Mechanism of Holograph
Data persistence is achieved through Holograph’s Bigde process, which combines the CREATE2 opcode with a corresponding locking and minting method when connecting digital assets between networks. Holograph’s Bigde will have 3 steps:
- Step 1: Users send tokens across the bridge on the source chain. The token will be locked back on the source chain.
- Step 2: Layer Zero will send a cross-chain message to the destination chain.
- Step 3: Cashew network Receive notification and execute bridge implementation on the target string. At this point, the target chain will mint a corresponding token (sharing the same contract address and ID) or make it available on the target chain (If already created).
When connecting digital assets between networks, the assets are recorded on the source chain and minted again on the destination chain in a technique called reciprocal recording and minting. Unlike traditional burning, which is an irreversible action, assets burned by Holograph can be recast whenever the asset is connected back to the previous network. With Holograph, the burning function is encoded in the bridge request along with the call data providing the correlating code to call the casting function. This ensures that the asset can always be recast as long as the underlying network exists.
For the best user experience, to avoid using multiple bridges that are cumbersome, expensive and time-consuming, Holograph has created an Operating Network solution. The operator network is a network of ecosystem participants that conducts bridging transactions for users. This reduces user friction when connecting tokens by:
- Reduce the number of transactions needed to complete the process.
- Eliminates the need for network switching.
- Eliminates the need to manage multiple gas tokens.
Development Roadmap
Update ..
Core Team
Jeff Gluck – Co Founder
- 1999 – 2004: Jeff Gluck studied at New York University.
- 2006 – 2008: Jeff Gluck continued his studies at university Nova Southeastern University Shepard Broad College of Law majors in Law.
- January 2008 to present: Jeff Gluck works as a lawyer at Gluck PC Law Firm, committed to protecting and enforcing the intellectual property rights of creative individuals and corporations.
- January 2021 to present: Jeff Gluck and his colleagues founded Holograph.
Russell R. – Head of Marcom
- 2008 – 2010: Russell R. studied at the University of Oklahoma.
- 2012: Russell R. studied at Belmont University, majoring in Business Administration and Music Business.
- Year 202 – 2024: Russell R. is continuing his studies at Pepperdine University’s Graduate School of Education and Psychology, majoring in Master of Arts, clinical psychology.
- 2017 – 2018: Russell R. is CEO at TBWA\Media Arts Lab.
- 2019 – 2020: Russell R. works as a Senior Accountant at M&C Saatchi Group.
- 2020 – 2022: Russell R. works as Account Supervisor at Deutsch LA.
- January 2021 to present: Russell R. works as Web3 consultant for 3MJ.
- January 2022: Russell R. becomes Head of Department at Holograph.
Investor
Hitherto, CXIP Labs the parent company of Holograph, raised $8.2M from Courtside Ventures and Wave Financial, with participation from Gary Vaynerchuk’s Vaynerfund and celebrities Diplo, Gmoney, Pussy Riot’s Nadya and NFT artist Justin Aversano, along with the others.
Tokenomics
Update ..
Exchanges
Update ..
Project Information Channel
Summary
Above is the information about Holograph that the Weakhand team learned. The project is a digital asset aggregation protocol. The project also uses LayerZero technology to transmit data information across cross-chain. The project is still developing and needs further monitoring.