Holoverz Round 1 is live. 17 quests across four weeks: start with the rules, then explore the technology and community behind the project. You can begin without connecting a wallet.
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“Genuine” and “unchanged” are two different security claims.
In its 15 Oct account, Ledger says attackers bought genuine devices, opened them, installed hardware that captured recovery phrases during setup, and put them back into reseller circulation in Southeast Asia. Ledger says its chip, OS and servers were not compromised.
That first word matters. A device can be genuine at manufacture and altered before it reaches the person relying on it.
Trezor says it has no evidence of compromised Trezor devices. Its response is to reduce the number of resellers so it can check the remaining partners more closely. A preventive move is not confirmation of another compromised wallet.
Ledger's response includes a reminder that returned devices must never be resold. Its new steps call for stock to be kept away from displays and handed to customers at purchase, and for resellers to report unusual devices promptly. These are distribution controls, because the attack crossed the distribution path.
At HoloX, MiPAX records an image inside a card's material. The hard engineering task was producing the same design reliably at scale; individually customised short runs are still uneconomic. That gives us a physical feature a holder can inspect. It is not a per-device history of every handoff, and it cannot reveal hidden electronics in another product.
For a tokenised physical product, save two separate questions:
1. Origin: what can the next owner inspect about the object itself?
2. Integrity: what evidence shows what happened after it left the maker?
If a project answers only the first, its token should not be presented as proof of the second.
Ledger's account: https://t.co/v4lIZghH4I
Trezor's statement: https://t.co/cimJ99yM5T
Following recent supply-chain incidents, we decided to reduce the number of resellers so we can more effectively check those we work with.
Let us be very clear: there is not a single piece of evidence that Trezor devices have been compromised.
This is a preventive step, taken out of an abundance of caution. We also want to thank everyone involved for the cooperation, and for the years of work putting Trezor in people’s hands.
That’s exactly the goal! With MiPAX™, information is embedded inside the material itself, not printed on it. That opens paths like brand protection (BrandShield) and integration into everyday products, from collectible cards to phone cases and eyewear. 👀
More in our community: https://t.co/2H6s2aCBZn
Round 1 is a hands-on way to explore how physical security and digital records work together. Read the rules, follow @HoloverzGlobal, then try the tech quizzes. No wallet or purchase needed to join. Ends 9 Nov. https://t.co/MwxKH6SrUS
Great question! MiPAX™ features are self-verifiable: no reader, no device, no infrastructure needed. The security comes from the other side: these optical structures can’t be recreated without HoloX’s proprietary process and exposure environment. Simple to check, hard to copy. 🔐
Join the conversation: https://t.co/2H6s2aCBZn
@DipAToeShow “Physical first, digital forever” only holds if the object carries something a twin cannot fake on its own — an optical or material fingerprint that still works when the wallet is offline.
@OrangeVisionCo Wearable displays fail first on the physics triangle: brightness, field of view, and weight. Until the combiner optics get smaller and more efficient, AR glasses stay a power-and-heat problem as much as a software one.
@ACA_Kenya When nearly one in five everyday products may be fake, stickers and printed codes are the first things counterfeiters copy. Features written into the material itself are harder to peel off and reattach — which is why brands are looking past labels to the physical substrate.
Under MiCA, once an e-money token is classed as significant, the tighter reserve mix is automatic: a higher share must sit as deposits with credit institutions, with dual supervision from the stated date. That is a prudential rule for the issuer, not a comment on the token’s market behaviour.
@Blankedout___ Yes — a volume hologram reconstructs from the full thickness of the polymer, so as you tilt it the parallax and brightness stay coherent. A foil copy is surface relief: under the same tilt the rainbow shear and flat dead spots give it away almost immediately.
Ledger, 13 Oct 2026: an implant in a CryptoBilis-sold device read recovery words from its screen.
MiPAX's image lives inside a HoloX card's material. Tilt it to inspect the card. It cannot reveal hidden electronics.
For tokenised goods, what does “physical proof” cover?
The production chain took about two years to build. Protecting part of it is one element of the security model. Digital records can track an item; the physical item still needs its own verification.
A patent grants protection, but requires disclosure. For much of the technology, that trade makes sense. For a confidential part of the production chain, HoloX chose not to publish how it works.
Right, and that's also why a foil copy gives itself away when you tilt it: a volume hologram is angle- and wavelength-selective because its fringes run through the thickness of the layer. On quality, the practical test is whether copies from one master keep the same depth and colour across a full run, and that's what we focus on in MiPAX production.
@CryptofalkaH Apró pontosítás: az EBA október 14-i közlése szerint jelenleg 45 e-pénz token (EMT) van bejelentve a MiCA alatt, és ezek közül az USDC az első, amelyet jelentősnek minősítettek. A kettős felügyelet (EBA és a francia ACPR) november 12-től indul.
Under MiCA the EMI licence is only step one. The issuer still has to notify its white paper to the regulator at least 20 working days before publishing it (notified, not approved), and the redemption terms are largely fixed by law: holders can redeem at any time, at par, without a fee (Art. 49 and 51).
What does a hologram actually record? And what does it take to make one reliably outside a lab?
Today I hosted the first Holoverz Space with Zsolt Ertl, HoloX’s Director of Production. One important note before you press play: this conversation is in Hungarian.
We started the series in Hungarian because many Holoverz holders are based in Hungary, and there is a strong Hungarian chapter in the technology’s story. These first conversations give us room to answer the community’s fundamental questions in its own language. We plan to continue the series in English later, with guest voices when the topic calls for them.
For episode one, we followed the technology. We asked what separates a physical hologram from a stage illusion or a surface foil; how the path runs from Gábor Dénes through MIT and Zebra Imaging; and what it took to turn an impressive experiment into a repeatable, multi-stage production process.
We also discussed the first successfully recorded image—a photograph of an archaeological excavation—what MiPAX™ changes inside the material, what can be checked by eye versus with optical equipment, and the limits of making one-off personalised designs today.
The question I keep coming back to is simple: a digital record can point to a physical object, but what lets you trust the object itself? That’s why this technology story is worth your time.
If you missed us live, listen to the recording. And if there’s a question we should take into a future Space, leave it below.
Replay (in Hungarian):
https://t.co/Fzq5WVI0Hb