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Summary of Passage
Key Points
- Passage is a platform for producing immersive 3D worlds and experiences.
- It’s built with Cosmos SDK and Unreal Engine 5, and is an L-1 Proof-of-Stake network.
- The platform offers drag-and-drop world building tools, AI, and decentralized social functionality.
- The Passage Ecosystem consists of World Builder, Social Tools, and Passage Chain.
- PASG is the native token, used for governance, security, incentivizing open-source contributions, and decentralized assets.
- The token launched publicly on StreamSwap on August 29, 2023, and is available on Osmosis and MEXC.
About Passage: Unlocking the Power of Blockchain Technology
Introducing Passage: A Revolutionary Gateway to the Future of Blockchain
Passage is a visionary platform designed to craft mesmerizing 3D realms and immersive experiences that transport users to new dimensions.
Built upon the Cosmos SDK and harnessing the power of cutting-edge innovations like Unreal Engine 5, Passage is a pioneering L-1 Proof-of-Stake network. The Passage platform boasts blockchain-agnosticism, facilitating seamless in-browser streaming, cross-world commerce for fungible tokens and NFTs, decentralized social functionality, and a robust 3D communication infrastructure.
By leveraging intuitive drag-and-drop world building tools and cutting-edge AI, Passage enables brands and creators to craft and refine premium experiences for their communities, spanning a diverse range of applications, including livestreams, webinars, product launches, meetings, fundraisers, and community-centric gaming events.
The Passage Ecosystem is comprised of a multifaceted network of interconnected components, working in harmony to create a seamless and efficient experience.
- World Builder: Passage presents a comprehensive suite of versatile tools for crafting immersive 3D environments, featuring a user-friendly drag-and-drop editor, pre-designed templates, an extensive 3D asset library, customizable plugins, and a software development kit (SDK) for tailored functionality.
- Social Tools: A unified social layer interconnects all worlds and experiences, providing a centralized dashboard and social feed for discovering new experiences, fostering connections with friends, and sharing updates in real-time. These social tools enable seamless streaming of Passage worlds across multiple platforms simultaneously, allowing users to access worlds with a single click.
- Passage Chain: Built on the Cosmos SDK, Passage operates as an L-1 chain, where 3D assets, non-fungible tokens (NFTs), achievements, identity, social connections, and more are securely stored on-chain. This decentralized network is referred to as the Relationship Protocol.
Passage envisions a pioneering social platform, distinguished by its unwavering commitment to openness and transparency, with its ecosystem anchored by the following key open-source components:
- A Comprehensive Worldbuilding Software Development Kit (SDK)
- Secure and Efficient Smart Contracts
- A Novel Relationship Protocol for Seamless Interoperability
- A Modular Plugin System for Enhanced Customization
The PASG Token: A Beacon of Innovation
PASG is the indigenous token of the Passage ecosystem, meticulously crafted to facilitate:
- Governance: By holding PASG, users are empowered to participate in the governance of the platform, casting votes on proposals that shape the direction and development of the ecosystem.
- Security & Staking: PASG holders can stake and delegate their tokens to validators, thereby supporting the security of the network. In return, a percentage of tokens spent in the marketplace, as well as inflation, are allocated as rewards, fostering a robust and secure environment.
- Incentivizing Open-Source Contributions: The platform incentivizes developers to contribute to open-source development, rewarding them with PASG for their efforts in bug fixes, new features, and enhancements to existing functionality, thereby fostering a collaborative and innovative community.
- Decentralized Assets: PASG serves as the backbone for decentralized assets (NFTs) on the Passage platform, enabling a new era of digital ownership and scarcity.
The highly anticipated TGE and mainnet launch successfully took place in August 2022, paving the way for the token’s public debut on StreamSwap, slated for August 29, 2023.
The Passage Team
Passage was founded by Lex Avellino, a visionary with over a decade of experience in crafting immersive virtual productions and digital experiences. Initially established in 2017 as a creative agency, Passage began by producing innovative digital experiences for esteemed brands such as Warner Brothers Studios, Amazon, Capitol Records, and Red Bull. As Avellino recognized a growing demand for more sophisticated digital experiences, he expanded his vision, laying the groundwork for Passage in 2020. His mission was to create a platform that would empower brands and creators to effortlessly build and curate their own immersive worlds and virtual experiences.
The Passage project is spearheaded by a seasoned team of experts with a strong background in blockchain, ecommerce, and virtual production. In mid-2022, Passage bolstered its leadership with the appointment of two former Enjin (ENJ) executives: Caleb Applegate as CEO, and Bryana Kortendick as Chief of Staff. Notably, this accomplished duo previously played a pivotal role in securing a substantial $38.9M raise for Efinity (EFI) and mobilizing $200M in retail support to secure one of the inaugural Polkadot parachain slots.
Acquiring Passage (PASG): A Comprehensive Guide
The Passage (PASG) token made its highly anticipated public debut on StreamSwap on August 29, 2023.
PASG is presently listed on esteemed cryptocurrency exchanges Osmosis and MEXC, ensuring seamless accessibility for enthusiasts and traders alike.