Blockchain Press Releases
Passage Raises $6 Million to Launch AI-Driven Virtual World Builder
Funds raised through private sale of its PASG token will go towards the continuous development of the Passage world building platform, built with Cosmos and integrated with Sortium’s artificial intelligence (AI) technology.
ROAD TOWN, British Virgin Islands, July 27, 2023 /PRNewswire/ — Passage, a platform for creating and connecting 3D virtual worlds and experiences, today announced the completion of a $6 million private sale led by Akash Network.
Additional support for the raise came from Druid Ventures, Vitwit, Cosmostation, Hyperchain Capital, Chorus One, and Cogitent Ventures, as well as additional leading Cosmos ecosystem participants, individuals, and DAOs.
Passage will use the funding to further develop its world-building tools, which allow creators to produce and optimize high-quality virtual experiences. This is possible thanks to Unreal Engine 5 and AI partner Sortium, which will give users unlimited ability to customize their worlds and assets via seamless AI integration. Funds will also be used to build out the platform’s social dashboard, enterprise solution, and tooling for open-source contributions, as well as implement technology partnerships like Sortium.
Lex Avellino, founder and Chief Creative Officer of Passage, said: “Passage is a totally new way to connect online. It’s the only virtual platform that feels human and personal. We were able to validate this early on in 2020 when we built experiences for large brands and retail audiences. Back then, producing a 3D experience was a long, expensive process that we managed personally. Now, anyone will be able to create an immersive world using simple drag-and-drop tools in their browser. Through our partnership with Sortium AI, this is even easier, making it possible for everyone to generate beautiful 3D assets and experiences.”
PASG, the native token of the Passage ecosystem, was designed to facilitate governance and decentralized 3D assets in Passage worlds. It also incentivizes open-source development and creator contributions on the platform. The token is backed by a SaaS-style revenue model, with up to 50% of profits going directly to supporting network security through incentivizing staking.
Greg Osuri, CEO of Overclock Labs, creators of Akash Network, added: “We share a real synergy with the Passage team and are thrilled to have led the private sale. The Passage platform is going to be an incredible place to leverage decentralized cloud and AI tools for creators. Creatives and brands need more high-quality options, and Passage stands out as one of the leaders in innovating this space.”
Passage is led by a team of veterans in Web3, e-commerce, and virtual production who have produced experiences for leading brands, including Capitol Records, Amazon, Warner Brothers, and Disney.
This announcement follows the company’s recent partnership with Platinum-selling, Grammy-nominated rapper and creator Royce 5’9″, who is building the Heaven Experience on Passage. Created to engage, educate, and mentor the hip-hop community, the new world will launch in beta in Q4 of 2023.
Passage will host a public sale of the PASG token beginning on Tuesday, 29 August 2023, on StreamSwap. Details for the sale will be announced in a livestream at 4:00pm Eastern Time on Thursday, 27 July.
Users interested in joining the sale can sign-up to be notified on passage.io.
About Passage
Passage is a platform designed to revolutionize the 3D web by transforming static pages into immersive, interactive places. Built with Cosmos and leveraging cutting-edge technology like Unreal Engine 5, Passage is blockchain-agnostic and supports in-browser streaming, cross-world commerce for fungible tokens and NFTs, decentralized social functionality, and 3D communication infrastructure. The platform empowers creators to produce and optimize high-quality experiences faster with world-building tools and AI assistance. The Passage ecosystem is fueled by PASG, the native utility token used in Passage worlds. For more information, visit passage.io.
View original content:https://www.prnewswire.co.uk/news-releases/passage-raises-6-million-to-launch-ai-driven-virtual-world-builder-301887301.html
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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