Key takeaways:
- CXIP Labs has announced a $6.5 million seed financing round co-led by Courtside Ventures and Wave Financial
- The company will use the capital to launch Holograph, a cross-chain NFT interoperability protocol
- Holopgrah allows creators and developers to transfer NFTs across various EVM compatible chains and to mint new digital collectibles in a user-friendly environment
CXIP Labs to launch Holograph, a comprehensive NFT products suite
Web3 infrastructure provider CXIP Labs has announced a $6.5 million seed funding led by Courtside Ventures and Wave Financial, with participation from a broad spectrum of celebrity and venture investors, including Vaynerfund, Diplo, Gmoney, Nadya from Pussy Riot, and Justin Aversano, to name a few.
CXIP Labs aims to use the new capital to launch Holograph, a new set of non-fungible token (NFT) products designed to provide creators, developers, and businesses with the tools necessary to more effectively navigate the rapidly evolving sector.
Holograph comprises of three separate products – Bridge, Core, and Mint. Bridge uses CXIP Labs’ holographic bridging technology to enable cross-chain NFT bridging and transfer of digital collectibles across EVM compatible blockchains. The second product, Core, is an omnichain NFT minting solution featuring bridging API for more effective software development. Last but not least, Mint is a creator-oriented product that allows access to NFT minting without requiring any coding knowledge.
In addition to the seed funding round and the new product announcement, CXIP Labs has also unveiled changes to its advisory board. Popular music artists Pharrell Williams and Joe Jonas have joined CXIP Labs as advisors to help the company succeed in its growth goals.
CXIP Labs founder and CEO Jeff Gluck commented on the Holograph roll out:
With Holograph, our mission is to empower brands and creators across any marketplace or blockchain by building solutions that make digital asset creation and trading easier and more accessible.
Gluck has spent much of the past decade helping artists, designers, and various content creators with infringement cases with his expertise in intellectual property law. With CXIP Labs, Gluck has set out to give artists more control over their creations, thanks to blockchain-powered ownership.
Earlier this year, CXIP Labs joined forces with Pussy Riot’s Nadya Tolokonnikova and PleasrDAO to develop the smart contract for the UkraineDAO, which has raised more than $7 million in humanitarian aid for organizations and individuals helping Ukrainians during the war.
