{"id":159418,"date":"2022-06-29T17:03:07","date_gmt":"2022-06-29T17:03:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=159418"},"modified":"2022-06-29T17:03:07","modified_gmt":"2022-06-29T17:03:07","slug":"holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains\/","title":{"rendered":"Holograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains"},"content":{"rendered":"

Holograph<\/span>, the omnichain interoperability protocol for minting and bridging non-fungible tokens (NFTs), is partnering with <\/span>LayerZero<\/span> to deliver its patented \u2018holographic\u2019 bridging solution that seamlessly beams tokens across blockchains with complete data integrity, including persistent smart contract addresses and token IDs.\u00a0<\/span><\/p>\n

Antiquated NFT bridging solutions create what have been defined as \u201cmultichain NFTs.\u201d When an NFT is bridged from one chain to another, the token becomes locked on the origin chain, and an entirely new NFT is minted on the destination chain. In effect, it creates a \u201cwrapped\u201d version of the original NFT that\u2019s comparable to a photocopy of the original artwork, with a different contract address and token ID. Should the wrapped NFT be moved again to a third blockchain, using a different bridge, this would result in yet another synthetic NFT being created. Such NFTs violate their non-fungible properties, complicating the record of ownership and tracing authenticity.\u00a0<\/span><\/p>\n

Holograph\u2019s first-of-its-kind bridging process makes use of LayerZero\u2019s lightweight cross-chain messaging to enable what they call \u2018holographic\u2019 omnichain NFTs. The original token is seamlessly beamed onto a new chain with all of its data left intact, with no wrapping necessary. Holographic bridging reduces the number of transactions required to bridge an NFT, and eliminates the need to manage multiple gas tokens to execute both the origin chain and destination chain transactions.<\/span><\/p>\n

Holographic bridging unlocks new and exciting use cases. For example, a creator could take advantage of the cheaper transaction costs to mint an NFT on one chain, then easily bridge that token onto another chain with more liquidity, making it easier to sell. It also enables chain-specific NFT properties that can be updated dynamically based on the chain it\u2019s currently located on. Traders meanwhile can explore cross-chain NFT arbitrage to try and profit from the slight price difference of NFTs listed on marketplaces across different chains. With Holograph, it becomes possible to create omnichain NFT marketplaces where traders can collect NFTs from many different chains, without needing to acquire the native gas tokens for each one.\u00a0<\/span><\/p>\n

\u201cHolograph\u2019s omnichain NFT infrastructure brings exciting new use cases for creators, developers, and enterprises. We are excited to work with Layer Zero\u2019s incredible team to launch our protocol and deliver a giant leap forward in blockchain interoperability,\u201d <\/span>said Jeff Gluck, CEO of Holograph<\/b>.<\/span>
\n<\/b>
\n<\/span>\u201cLayerZero is excited to support Holograph as its cross-chain messaging solution. Their Omnichain NFT infrastructure aims to unlock a frictionless NFT user experience, onboarding the next wave of crypto users,\u201d <\/span>said Bryan Pellegrino, CEO of LayerZero<\/b>.<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Holograph, the omnichain interoperability protocol for minting<\/p>\n","protected":false},"author":3,"featured_media":159417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nHolograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Holograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Holograph, the omnichain interoperability protocol for minting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-29T17:03:07+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/06\/Holograph-Integrates-LayerZero-To-Facilitate-Holographic-Omnichain-NFTs-That-Beam-Across-Blockchains.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/holograph-integrates-layerzero-to-facilitate-holographic-omnichain-nfts-that-beam-across-blockchains\/\",\"name\":\"Holograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains - 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