The crypto market continues to evolve and innovate, bringing about new opportunities for investors and users alike. One of the latest developments in the space is Passage, a platform aimed at revolutionizing the 3D web. Passage recently completed a successful private token sale, raising an impressive $6 million in funding. In this blog post, we will explore the significance of this funding round and delve into the exciting potential of Passage.
The Fundraising Round:
Passage’s private token sale, which was announced on July 27, 2023, saw the platform secure $6 million in funds. The investors in this round included notable names such as HyperChain Capital, Chorus One, and Druid Ventures, demonstrating the confidence and support Passage has received from the crypto community. This significant funding will enable Passage to continue developing its groundbreaking platform and bring its vision for the 3D web to life.
Passage is an online 3D space built on the Juno blockchain. The platform aims to transform static web pages into immersive and interactive environments using cutting-edge technology such as Unreal Engine 5. By leveraging Cosmos and embracing blockchain agnosticism, Passage offers a unique and versatile ecosystem.
Key Features and Functionality:
Passage is set to offer a wide range of features and functionalities that will redefine the way we interact with the web. These include:
1. In-browser streaming: Passage allows users to stream 3D content directly in their web browsers, eliminating the need for complex installations or downloads.
2. Cross-world commerce: The platform supports the exchange of fungible tokens and NFTs, enabling users to buy, sell, and trade digital assets seamlessly.
3. Decentralized social functionality: Passage incorporates decentralized social features, fostering community engagement and collaboration within its immersive 3D spaces.
4. 3D communication infrastructure: With Passage, users can communicate and interact with others in real-time using cutting-edge 3D communication tools.
The Potential of Passage:
Passage has the potential to transform the way we experience and engage with the internet. By merging blockchain technology, 3D graphics, and an interactive user experience, Passage opens up new possibilities for industries such as gaming, e-commerce, social networking, and virtual reality. The platform’s blockchain-agnostic approach and focus on immersiveness and interactivity position it as a key player in the development of the metaverse.
Passage’s successful private token sale, which raised $6 million, marks an important milestone in the development of the 3D web. With its ambitious vision, cutting-edge technology stack, and support from reputable investors, Passage is well-positioned to revolutionize the way we interact with digital content. As the crypto market continues to grow and evolve, platforms like Passage will play a crucial role in shaping the future of the internet and creating immersive experiences for users worldwide.