Holograph (HLG)

Tokenization

Holograph enables asset issuers to mint tokens that work natively across multiple blockchains. These tokens can be fungible (like coins) or non-fungible (like NFTs), allowing creators to build programmable digital assets.

Interoperability

It allows tokens to move seamlessly between different blockchains without losing their identity, improving user experience and unifying liquidity across chains.

Use Cases

• Digital Art: Creators can issue digital art NFTs that exist on many blockchains at once.
• Real World Assets: Financial institutions can tokenize assets like stablecoins, treasury bills, and real estate.
• Gaming: Game developers can create in-game items such as currency, weapons, and cosmetics that work across multiple blockchain games.
• Decentralized Finance (DeFi): Supports new possibilities for decentralized exchanges, lending, and borrowing platforms by enabling cross-chain asset use.

Developer Tools

Holograph provides SDKs and protocols that make it easier for developers to deploy and manage multichain tokens and smart contracts, encouraging innovation in blockchain applications.

Pros

• Enables seamless cross-chain token transfers while keeping the same contract address, which simplifies tracking and management.
• Supports both fungible and non-fungible tokens (NFTs) across multiple EVM-compatible blockchains.
• Unifies token supply across chains using a burn-and-mint process, preventing liquidity fragmentation.
• Tokens are not locked to any single blockchain, giving asset issuers control over deployment and minting.
• Widely used with millions of on-chain assets minted, showing strong adoption.
• Supports gaming assets, digital art, and other tokenized items with interoperability.
• Backed by strategic funding and partnerships, helping to advance omnichain gaming and cross-chain asset production.

Cons

• Experienced a security breach in the past, highlighting challenges in maintaining security.
• The team may have limited deep experience in crypto compared to some other projects.
• Token price has been volatile and significantly below its all-time high.
• Trading volume and market cap are relatively low compared to major cryptocurrencies.
• Requires understanding of cross-chain technology, which may be complex for some users.

For more details, visit holograph.xyz.

Founders of Holograph

Holograph was founded by Jeff Gluck, Jason Trikakis, and Jeremy Kerbel. They started the project around 2020 and focus on creating an omnichain tokenization protocol that allows digital assets to move seamlessly across multiple blockchains.

Investors in Holograph

• Venture Capital Firms: Key investors include Mechanism Capital, Selini Capital, Arcadia Funds, Hartmann Capital, and NorthRock Capital Partners. These firms have participated in strategic funding rounds to support Holograph's growth.
• Individual and Strategic Investors: Alongside institutional investors, there are high-net-worth individuals and strategic partners who have contributed to funding rounds.
• Funding Rounds: Holograph has raised around $11 million through various rounds, including seed and strategic investments, led by the above-mentioned investors.

These investors back Holograph to advance its omnichain tokenization protocol and expand its cross-chain asset infrastructure.

Halal Status of Holograph

• General Halal Considerations: Cryptocurrencies can be considered halal if the project and its use comply with Islamic finance principles, such as avoiding interest (riba), gambling, and excessive uncertainty (gharar).
• Holograph Specifics: There is no direct, authoritative Islamic finance ruling publicly available specifically for Holograph.
• Conclusion: Since Holograph is a tokenization protocol without explicit involvement in prohibited activities, it may be considered halal if used in a Shariah-compliant way. However, final determination depends on individual scholarly advice.

Answer: No official halal certification or ruling is found for Holograph, so a definitive yes or no cannot be given.