Hologram raises $6.5M for blockchain-based avatars that you can use in video calls

by | Jul 14, 2022 | Technology

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Learn more.

Hologram, an all-in-one platform for virtual beings, today announced that it has raised $6.5 million in seed funding for avatars that you can use in video calls.

The whole aim is to enable avatars to move across applications, much like you would expect them to do in the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.

The San Francisco company lets you use non-fungible token (NFT) images or characters as avatars, and you can use those avatars to represent yourself as a lip-synced character in a Zoom or Google Meet call. I did an interview with CEO Tong Pow, and he used his avatar the whole time. So I don’t know if it was really him or not. Pow calls this “the pseudonymous economy.” This gives some utility to those Bored Apes and other NFT imagery that lots of folks are criticizing now for being a bunch of hype.

Polychain Capital led the round, with participation from Nascent, Inflection, The Operating Group, Quantstamp, Neon DAO, Foothill Ventures, and South Park Commons.

Other angel investors include Mike Shinoda (cofounder of Linkin Park and advisor to Warner Records), Kalos (founder of Parallel NFT), Richard Ma (founder of Quantstamp), and Naveen Jain (founder of Yat Labs).

The company (dba Hologram Labs) will use the money to expand the team with several key hires and increase capacity to support the rapidly growing influx of partnership requests.

Tong Pow’s avatar.Hologram is building technology to give people more ways to express themselves and socialize in the pseudonymous economy, Pow said.

Leveraging the latest developments in machine learning, 3D, and web3, Hologram empowers any online community to create, own, and engage with immersive virtual characters, goods, and experiences at scale. Users can connect with others, create content, and build their brands on any v …

Article Attribution | Read More at Article Source

Share This