Skip to main content

Holograph FAQ

Company​

What's Holograph?

Holograph is a multichain digital asset protocol. At its core, Holograph enables the deployment of natively multichain digital assets, which are assets that exist as single instances across multiple execution environments.

Has Holograph raised money?

To date, CXIP Labs, Holograph’s parent company, has 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, among others.

How big is Holograph’s team?

Holograph consists of 14 full time team members.

Where is Holograph based?

Holograph is a globally distributed with team members based in Los Angeles, Palm Springs, Seattle, New York, Paris, Prague, Athens, Uruguay, and Brazil.

What are Holograph's official links?

Thesis​

Why Holograph?

The recent proliferation of execution environments in the form of L1s, sidechains, and rollups has increased access to inexpensive blockspace. As this trend continues, it’s reasonable to assume that there will be as many execution environments as there are tokens and that there will be thousands of them.

However, without a clean way for these environments to interoperate, data and liquidity fragmentation will continue to be an issue, leading to increased development overhead, security risks, network congestion, and higher fees.

Enter Holograph, which provides multichain digital asset infrastructure for the web3 ecosystem. At its core, Holograph enables the deployment of natively multichain digital assets, which are assets that exist as single instances across multiple execution environments.

What’s Holograph’s mission?

Holograph’s mission is to power digital asset composability across all execution environments.

Product​

What's Holograph App?

Holograph App provides interfaces for creators to create, deploy, mint, bridge, buy, and sell multichain digital collectibles.

Holograph App empowers creators by enabling:

  • The deployment of collections on multiple networks simultaneously
  • The distribution of collections on multiple marketplaces on multiple networks
  • The collection of royalties on multiple marketplaces on multiple networks

What's Holograph Protocol?

Holograph Protocol provides a suite of smart contracts that enable digital asset data to persist on multiple execution environments.

Holograph Protocol empowers developers by providing:

  • A command-line interface for protocol interactions
  • APIs, Libraries, & SDKs to build natively integrated multichain apps

What's Holograph CLI?

Holograph CLI is a command line application that enables developers and operators to interact with Holograph Protocol's smart contract infrastructure.

What’s Operator Network?

Operators are a network of ecosystem participants who execute bridge transactions for users (aka “jobs”). Operators reduce user friction when bridging digital assets by:

  • Reducing the number of txs needed to execute the process
  • Removing the need to switch networks
  • Removing the need to manage multiple gas tokens

What’s HLG?

To execute jobs, operators must bond the protocol’s native token, HLG. The probability of getting selected to execute a job is based on the number of tokens bonded - the more tokens bonded, the higher the probability of selection.

Commercialization​

How does Holograph Protocol make money?

Holograph Protocol charges 1% of every bridge transaction fee. For example, if the bridge transaction fee is 1,000 units of gas, Holograph will charge an additional 10 units of gas for a total transaction fee of 1,010 units of gas.

Holograph leverages a tiered API pricing model for developers building natively integrated multichain apps.

Market​

Who are Holograph’s Apps core users?

Digital collectible creators:

  • Artists
  • Brands
  • Enterprises

Who are Holograph Protocol’s core users?

Web3 developers:

  • Individuals
  • Startups
  • Enterprises

Multichain Digital Assets​

What are natively multichain digital assets?

Natively multichain digital assets (aka “Holographable Assets”), which are assets that exist as single instances across multiple execution environments.

Non-fungible tokens minted with Holograph (hNFTs) maintain the same contract address and token ID on all EVM environments, enabling them to move between networks with perfect provenance.

Fungible tokens that are wrapped with Holograph (hTokens) maintain the same contract address on all EVM environments, providing a clear and concise method for auditing locked liquidity.

Multichain Apps​

What are natively integrated multichain apps?

Holograph enables the development of an entirely new class of user experiences: natively integrated multichain apps.

Natively integrated multichain apps:

  • Are built with cross-chain interactions in mind from the ground up
  • Hide the complexity of cross-chain logic behind simple, unified interfaces
  • Combine digital asset liquidity across multiple execution environments

Use Cases​

What are some use cases for Holograph?

Holograph unlocks entirely new use cases for developers to explore. Here’s a few examples:

Technology​

How does Holograph achieve cross-chain data persistence?

Data persistence is achieved by the Holographic Bridging process, which combines the CREATE2 opcode with the reciprocal burn and mint method when bridging digital assets between networks.

Holographic Bridging consists of 3 steps:

  1. A user initiates a bridge request on the source chain
  2. A cross-chain message is sent to the destination chain
  3. An operator picks up the message & executes a bridge execution on the destination chain

What’s the reciprocal burn and mint process?

When bridging digital assets between networks, the asset is burned on the source chain and re-minted on the destination chain in a technique called reciprocal burn and mint. Unlike traditional burning, which is an irreversible action, assets burned by Holograph can be re-minted whenever the asset is bridged back to a previous network. With Holograph, the burn function is encoded in the bridge request along with calldata that provides the correlated code to call the mint function. This ensures that the asset can always be re-minted as long as the underlying network exists.

Security​

Has Holograph Protocol been audited?

Yes, Holograph Protocol has been audited by Code4rena. The results of the audit can be found here.

What are Holograph’s security assumptions?

Holograph Protocol inherits its cross-chain security from LayerZero. Thus, LayerZero poses the greatest security risk for Holograph. That said, all critical business logic is managed by Holograph Protocol, which has been audited by Code4rena. Furthermore, Holograph is designed to be modular, enabling the protocol to integrate with alternative message passing solutions in the event that LayerZero was exploited.

In general, cross-chain message passing infrastructure is new and has yet to be battle tested at scale. Each implementation leverages different security assumptions and a clear winner has yet to emerge. By taking a modular approach, security dependencies are reduced on account of the protocol’s ability to pause and or stop sending messages via one solution, cleanly switch to another, and continue operations as expected.

Integrations​

How does Holograph use LayerZero?

Holograph uses LayerZero for arbitrary cross-chain message passing. All critical business logic is managed by Holograph Protocol. Furthermore, Holograph is designed to be modular, enabling the protocol to integrate with any variety of arbitrary cross-chain message passing designs.