CXIP Unveils Holograph, $6.5M Funding Round; Joe Jonas on Board -Breaking
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CXIP Unveils Holograph, $6.5M Funding Round; Joe Jonas on Board- CXIP Labs announces a Series Seed Financing Round of $6.5M.
- The company will also launch Holograph, an entirely new line of NFT products.
- Investors have shown tremendous support for the project.
CXIP Labs announced that it has raised $6.5 million in Series Seed funding. This round was co-led jointly by Courtside Ventures, Wave Financial and Wave Financial. CXIP Labs also plans to roll out Holograph with the new funding round. Holograph is a suite of NFT products that CXIP Labs offers creators, developers, as well as enterprises.
CXIP Labs created the innovative interoperability protocol for omnichain NFT. CXIP Labs is home to Joe Jonas and Pharrell Williams as members of their advisory board.
Interestingly, the NFT suite Holograph will include Bridge, a cross-chain NFT bridge using CXIP’s patented ‘holographic bridging’ technology, enabling NFTs to move seamlessly between EVM blockchains with complete data integrity. Core, an open-source NFT minting API and bridging API for developers will also be included in the Holograph suite. Mint will be another addition: It is an interface to NFT minting that is not coded for creators.
Vaynerfund and Diplo are among the prominent participants.
Jeff Gluck, CXIP Labs’ CEO remarked:
Holograph is a platform that empowers creators and brands across all markets and blockchains by developing solutions to make trading and creation of digital assets easier.
Other prominent members of the CXIP Labs advisory board include Jen Stark, Lucien Smith, and Wendy Fisher, President of the Guggenheim Foundation, in suppforting CXIP Labs’ continued growth.
“We’re thrilled to back the incredible team at CXIP Labs as they are building one of the most critical web3 technologies to empower and enable creators” says Deepen Parikh, Partner at Courtside VC.
David Roebuck of Wave Financial, who is also Principal, stated the same thing. “CXIP Labs is addressing a real problem in the NFT market with their novel PA1D smart contract technology for NFT royalties. We are excited to continue to back them and co-lead the current round”.
Following news of UkraineDAO NFT’s success, the fundraise was initiated by CXIP, who created the smart contract. This resulted to nearly $7 Million for Ukraine.
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