Holograph integrates LayerZero to allow for ‘holographic’ omnichain NFTs

Holograph, the omnichain NFT interoperability protocol that allows for minting and bridging of NFTs, has announced integration with LayerZero to provide for ‘holographic’ bridging and seamless beaming of tokens across blockchains.

Unlocking benefits and new use cases

With this integration, Holograph is looking to help the market benefit from data integrity, with the ‘holographic’ omnichain NFTs removing the antiquated “wrapping” that happens with multichain NFTs.

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In this case, the minting of an NFT on a new chain will come with all of the original token’s data intact. The smart contract addresses and token IDs do not thus change with every new synthetic NFT, a scenario that complicates ownership records and tracing of authenticity.

Holograph’s omnichain NFT infrastructure brings exciting new use cases for creators, developers, and enterprises. We are excited to work with Layer Zero’s incredible team to launch our protocol and deliver a giant leap forward in blockchain interoperability.”

Jeff Gluck, CEO of Holograph

According to LayerZero  CEO Bryan Pellegrino, the integration is going to be key as platforms within the NFT sector, and crypto industry in general, eye the next adoption wave. He said in a statement:

LayerZero 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.”

Per a press release shared with Invezz, Holograph’s bridging solution helps cut the number of transactions needed to bridge an NFT. It also removes the need for users to handle multiple gas tokens for them to complete transactions on both the origin and minting chains.