HLG Holograph

Use Cases of Holograph

Holograph is a versatile protocol that can be used to represent various types of assets across different blockchain environments. Here are some of the key use cases:

Tokenizing Real-World Assets

Holograph can be used to tokenize real-world assets such as real estate, art, and collectibles. This makes these assets more accessible to investors and increases their liquidity.

Creating Fractionalized Ownership

Holograph enables the creation of fractionalized ownership of assets. This allows more people to invest in assets that they would otherwise not be able to afford.

Developing Cross-Chain Applications

Holograph can be used to develop cross-chain applications that take advantage of the liquidity and interoperability of Holograph tokens. This includes creating applications that can seamlessly transfer tokens between different blockchains.

Tokenizing Digital Assets

Holograph can also be used to tokenize digital assets such as:

• Memecoins: Tokenized representations of quirky names, logos, and branding.
• Gaming Items: Tokenized representations of in-game assets like currency, cosmetics, consumables, weapons, and armor.
• Digital Art: Tokenized representations of digital art, including paintings, drawings, illustrations, photography, and motion graphics.

Financial Assets

Holograph can be used by financial institutions to issue on-chain stablecoins, treasury bills, and other financial instruments.

These use cases highlight the flexibility and potential of Holograph in managing and tokenizing various types of assets across different blockchain environments.

Pros of Holograph

• Native Composability: Holograph tokens are natively composable, meaning they can be used in any decentralized application (DApp) on any blockchain. This makes them a powerful tool for developers building cross-chain applications.
• Unified Liquidity: Holograph's burn and mint transport process ensures that token supply is always unified across all chains, eliminating the risk of liquidity fragmentation.
• Seamless Interoperability: Holograph tokens can be seamlessly transferred between any blockchain supported by LayerZero, making it easy for users to move tokens between different chains.
• Cross-Chain Applications: Holograph enables the development of cross-chain applications that can take advantage of the liquidity and interoperability of Holograph tokens.
• Tokenizing Real-World Assets: Holograph can be used to tokenize real-world assets such as real estate, art, and collectibles, making these assets more accessible and liquid.
• Fractionalized Ownership: Holograph can create fractionalized ownership of assets, allowing more people to invest in assets they would otherwise not be able to afford.

Cons of Holograph

• Development Stage: Holograph is still under development, which means it may not have all the features and stability of more established protocols.
• Limited Adoption: While Holograph has been used to mint millions of on-chain assets, its adoption is still limited compared to other tokenization protocols.
• Dependence on LayerZero: Holograph relies on LayerZero's omnichain infrastructure, which could be a potential vulnerability if LayerZero experiences issues.

Founders of Holograph

• Jeremy Kerbel: Co-Founder and CEO of Holograph.
• Other co-founders are not specified in the provided sources.

Note:

The information provided does not include a comprehensive list of all co-founders. The primary source mentions Jeremy Kerbel as the Co-Founder and CEO. Additional co-founders are not detailed in the given sources.

Investors in Holograph

• Mechanism Capital: Led by Andrew Kang, Mechanism Capital is a key investor in Holograph, supporting its push to advance omnichain gaming.
• Selini Capital: Founded by Jordi Alexander, Selini Capital has invested in Holograph, recognizing its potential in cross-chain asset production and distribution.
• Northrock Capital: Hal Press' Northrock Capital has provided fresh capital to Holograph.
• Arca: Arca is another strategic partner that has invested in Holograph.
• Courtside Ventures: Courtside Ventures has also contributed to Holograph's funding.
• Hartmann Capital: Hartmann Capital is among the investors supporting Holograph's development.

Total Funding

Holograph has secured a total of $11M in funding to further develop its omnichain gaming capabilities.

No, Holograph is not considered halal due to its involvement in speculative activities and lack of clear Shariah compliance. Specifically, the recent hack in June 2024, where a former developer exploited an infinite mint vulnerability to create and dump 1 billion HLG tokens, raises concerns about the project's legitimacy and adherence to Islamic finance principles.

Key Considerations for Halal Cryptocurrencies

• Legitimacy Screening: Ensuring the project is genuine and not a scam.
• Project Screening: Ensuring the project complies with Shariah principles.
• Financial Screening: Ensuring the project meets financial criteria for Shariah compliance if it is equity-based.
• Token Screening: Understanding the Shariah compliance of the token itself.
• Staking Screening: Ensuring the staking mechanism is Shariah compliant.

Islamic Finance Principles

• Prohibition of Riba (Interest): Ensuring no interest is involved in the project.
• Prohibition of Speculation: Ensuring the project is not primarily used for speculative purposes.
• Physical Asset Backing: Considering whether the currency is backed by a physical asset.
• Use for Goods and Services: Ensuring the currency can be used for actual goods and services.

Recent Developments

• Holograph Hack: The June 2024 hack highlights the importance of proper access control and vetting of development team members to prevent such incidents.