Passage

Passage is a metaverse platform that allows users to create virtual experiences in it. The company provides a suite of drag-and-drop tools that enable creators to develop games and social experiences directly in their browsers without the need for extensive coding skills or software downloads. This is done via the Passage World Builder, which offers templates, a drag-and-drop editor, and a marketplace for browsing additional 3D assets. The platform incorporates AI technology from Sortium, allowing creators to customize their 3D assets. It also supports Unreal Engine 5, providing users who wish to build their worlds from the ground up with robust design capabilities.

These creation tools—targeting a wide range of users, including creators, artists, educators, coaches, product teams, and gamers—facilitate the production of virtual worlds. Passage also utilizes an on-chain marketplace for NFT transactions. As of August 2023, the platform hosted its sale of the first 5,000 NFTs.

The Passage (PASG) token was launched on StreamSwap in August 2023. The token is used to facilitate governance, security via staking rewards, decentralized assets, and incentivize open-source development.

Key customers and partnerships

Key creators utilizing Passage include Royce Da 5'9", Strange Clan, Dcentralize, and The Hub.

Funding and financials

In July 2023, Passage raised USD 6 million in an initial coin offering (ICO) led by Akash Network. Funds were earmarked to continue development of Passage's social platform, establish tech partnerships, and add community options such as plug-ins, world-building assets, and avatar customization.