Overview

Hologram Labs provides a platform for creating and using motion-tracked characters that enhance digital identity and self-expression in the metaverse. Users can easily access this service on any device with just one click, allowing them to utilize personalized avatars for video calls, livestreams, and virtual environments. The platform is particularly beneficial for artists, content creators, and communities engaged in social media, gaming, and virtual conferencing. Unlike competitors that offer generic templates, Hologram Labs focuses on unique, customizable characters and wearables that reflect individual brands and communities. The company operates on a subscription-based model, giving users access to advanced features, and collaborates with NFT collections to animate digital assets, creating additional revenue opportunities. Hologram Labs aims to lead in the digital identity space by providing versatile tools that foster creativity and community engagement.

Simplify's Take

What believers are saying

• Growing demand for digital avatars boosts Hologram's market potential.
• Partnerships with NFT collections create additional revenue streams.
• Rising VR and AR use in social media offers integration opportunities.

What critics are saying

• Competition from tech giants like Meta and Microsoft is intensifying.
• NFT market volatility could impact Hologram's revenue streams.
• Privacy concerns may lead to increased compliance costs.

What makes Hologram Labs unique

• Hologram offers motion-tracked characters for video calls and virtual spaces.
• The platform allows NFT owners to animate their digital assets.
• Hologram provides personalized avatars, unlike competitors' generic templates.

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Funding

Total Funding

$6.3M

Above

Industry Average

Funded Over

1 Rounds

$6,500,000

Seed

Jul 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$6.5M