Passage, the innovative 3D environment creation platform, has attracted $6 million in funding thanks to a private token sale led by Akash Network and supported by a range of Web3 investors, including Druid Ventures and Vitwit.

Passage This 3D world-building platform has successfully raised $6 million during a private token sale led by Akash Network.

A diverse group of Web3 investors, including Druid Ventures, Vitwit, Cosmostation, Hyperchain Capital, Chorus One, and Cogitent Ventures, along with other prominent Cosmos ecosystem participants and DAOs, contributed to this fundraising round.

The financial backing will support the enhancement of Passage’s world-building features, which utilize Unreal Engine 5, and forge a strategic collaboration with Sortium. Sortium AI The integration with Sortium will empower users with unmatched flexibility in crafting their virtual experiences.

The funds will also be allocated to:

• The platform is now launching a social dashboard that has entered a closed alpha phase.
• Efforts are underway to expand its enterprise offerings and improve tools for open-source contributions.
• Forging technology partnerships
• These tools will facilitate community engagement through plugins, world-building assets, avatar customization options, and much more.

Sortium operates as a workspace-oriented AI assistant, leveraging sophisticated Large Language Models (LLMs) and Generative AI. It comes with integrated playbooks tailored for renowned tools like Blender, Nvidia Generative 3D, and CAD applications, making it highly user-friendly. Additionally, Sortium allows game developers to effortlessly create tokenized assets in the web3 space.

Lex Avellino, the founder and Chief Creative Officer of Passage, expressed, \"Back in 2020, we validated our concept by creating experiences for major brands and retail audiences. At that time, developing a 3D experience was a lengthy and costly endeavor that we handled ourselves. Now, anyone can effortlessly craft an immersive world using intuitive drag-and-drop tools right in their browser. Our collaboration with Sortium AI simplifies this process even further, enabling users to produce stunning 3D assets and experiences with ease.\"

The PASG token serves as the native currency within the Passage ecosystem, designed to empower governance and support decentralized 3D assets in Passage realms. It also encourages open-source development and contributions from creators on the platform, backed by a revenue model that allocates up to 50% of profits for securing network integrity through staking incentives.

Greg Osuri, the CEO of Overclock Labs, creators of Akash Network, noted, \"We find a genuine synergy with the Passage team and are excited to have led this private sale. The Passage platform is poised to become a remarkable hub for utilizing decentralized cloud and AI technologies for creators. Artists and brands require more top-tier solutions, and Passage is emerging as a frontrunner in this innovative landscape.\"

Passage is helmed by a group of seasoned professionals with extensive backgrounds in Web3, e-commerce, and virtual production, having crafted experiences for major brands such as Capitol Records, Amazon, Warner Brothers, and Disney.

The company is set to launch a public sale of the PASG token on Saturday, August 29, via StreamSwap, with additional sale details outlined within the documentation. livestream on YouTube .