Holograph is an omnichain tokenisation protocol. Holograph allows asset issuers to create fully composable omnichain tokens. Holograph has been used to create countless omnichain tokens, which makes it one of the most popular protocols for cross-chain asset creation and distribution.
Holograph functions by melting tokens on the source chain, sending a message to the destination chain using a messaging protocol, and then reminting the same number of tokens back the identical contract address. This combines liquidity, reduces slippage, and ensures fungibility across blockchains.
Why Holograph?
Currently, blockchain ecosystems function as independent sovereignties. As additional blockchains come up, fragmentation will worsen, limiting network benefits and producing negative user experiences.
Holograph addresses this issue by allowing asset issuers and consumers to engage with tokens across various chains, hence enabling connectivity, unifying liquidity, and enhancing cross-chain user experiences.
Tokens minted by the protocol have the following properties:
Maintain Fungibility: Holograph allows tokens to migrate between blockchains while keeping the same contractual address, enabling asset issuers to conveniently index cross-chain data.
Unify Liquidity: Holograph’s burn and mint transit procedure unifies token supply across different networks, allowing tokens to transfer across chains without disrupting liquidity.
Universal Token Frameworks
A Universal Token Framework (UTA) is a collection of rules that govern how tokens can be created, delivered, and received across several blockchains. Common characteristics of UTAs include:
Available throughout many chains.
Allows asset issuers to maintain custody of their contracts.
Provides customizable security parameters.
Maintain a unified supply throughout chains.
Adheres to common norms.
Leverages burn and mint.
UTAs have gone by several names, including omnichain tokens, interchain tokens, and multichain tokens, amongst others. These various names are primarily a function of branding. On a technical level, while different UTAs incur different compromises, they ultimately solve the same problem. Holograph employs omnichain to explain the protocol’s general operation, whereas holographic describes the protocol’s contracts and tokens. Holograph defines holographic resources as tokens that are both fungible and non-fungible and can exist on any blockchain.
Case Studies
Holographs can represent any fungible or non-fungible token, enabling asset issuers to build any sort of programmable asset.
Digital Art: Tokenized versions of digital art. Holograph is used by creators to publish onchain drawings, paintings, illustrations, photography, and visual effects.
Gaming Items are tokenized illustrations of in-game items. Game developers use Holograph to create on-chain cash, cosmetics, consumables, weapons, and armor.
Real World Assets are tokenized representations of financial assets. Financial companies use Holograph to create on-chain stablecoins, treasury notes, and real estate.
Omnichain Capabilities on Holograph
Holograph offers a full solution for asset issuers, including customisable infrastructure for omnichain token production, distribution, and transport.
Create Standard Tokens: Use natively composable tokens that are fungible as well as non-fungible that are burned on the source chain and subsequently minted on the destination chain.
Create Custom Tokens: Roll out fresh new custom token implementations which can interact in unique ways across numerous execution environments.
Modify current Tokens: Make current tokens omnichain by locking them on a source chain and minting omnichain tokens on the destination.
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