Holograph recently announced its integration with Avalanche, Polygon, and Ethereum mainnets, making it easier and quicker to develop multichain digital assets. With the rise of execution environments like rollups, sidechains, and layer 1s, access to cost-effective blockchain space has increased significantly.
However, the fragmented nature of these execution environments poses challenges such as security risks, development overhead, higher fees, and network congestion. Holograph aims to address these issues by offering a multichain virtual asset framework for Web3 adoption.
The platform allows for the release of native multichain virtual assets that exist as a single instance across multiple execution environments. NFTs minted through Holograph, known as hNFTs, maintain the same token ID and contract address in every EVM environment, enabling seamless movement across networks with complete provenance.
Similarly, fungible tokens integrated with hTokens retain the same address across every EVM environment, facilitating easy audit of locked liquidity. This uniformity in digital asset minting ensures consistency and interoperability across different platforms.
Holograph’s approach enables smart contracts to interoperate through various EVM environments, leading to the development of innovative user experiences such as natively integrated multichain apps. The positive response from users indicates that Holograph is making strides in the right direction with its multichain virtual asset framework.
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