The metaverse is still in its infancy. While Ethereum-based metaverse games like The Sandbox have seen exponential traction, investors are also looking at building projects on stable PoS networks like Cardano. Interestingly, one of the specific catalysts for ADA’s latest rally is the addition.
In fact, Pavia’s entry into the Cardano ecosystem comes at a time when its parent crypto-asset, ADA, has faced continued downward pressure amid a market-wide trajectory. But the NFT activity at the top of the network gave a much-needed push to the coin, which is up more than 14% over the past 24 hours and is currently trading at $1.55.
Metaverse on Cardano
Pavia – the recently launched gaming application on the Cardano blockchain – has some big plans this year. So far, the project has issued at least 100,000 “land parcels”, each being molded as a uniquely numbered Cardano NFT (CNFT) based on coordinates. Over 60% of land parcels were pre-sold in October and November last year. The rest is expected to go on sale in the current quarter.
According to the official website, Pavia has over 8,300 landowners. At this stage, however, they cannot visit or deploy any material on their respective land parcels. The platform revealed that the team was working to “deliver an in-game Pavia experience”.
Like other Metaverse projects, Pavia also has an in-game currency – PAVIA – that is used for utility purposes within its Metaverse ecosystem. Just after the blockchain snapshot in December 2021, 25% of this native token was given to Pavia NFT landholders.
Pavia has also revealed a partnership with cross-game avatar platform for the Metaverse – readyPlayer.me – to allow users to design their own avatars in over 700 applications and games compatible outside the Pavia ecosystem .
Going forward
Pavia intends to add liquidity to the Cardano decentralized exchange in the first quarter of 2022 [DEXs] and explore cross-chain liquidity.
It also plans to look at on-platform assets, gamification, etc. Next quarter, the project aims to combine all the feedback and “build and experience the beginning for the in-game Pavia.io experience” to double down on interoperability, cross-chain, and cross metaverses. During the third and fourth quarters, Pavia Plaza will host the first live event, with Pavia Portals trialling to begin as well.
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