Since the Meta reveal, the metaverse has been one of the most talked-about concepts in the crypto industry. Cardano joins the growing number of projects looking to claim their share of the multi-trillion dollar metaverse industry.
Months after its smart contracts activation, Cardano has made its debut in the metaverse. Cardano’s entrance into the virtual world comes with the launch of Pavia on its blockchain.
Thousands Now Own Virtual Lands in the Pavia Metaverse
Pavia is a decentralized play-to-earn gaming and non-fungible token (NFT) project. As a P2E project, players will explore the digital world of Pavia while they earn and spend using in-game money, called PAVIA tokens.
Pavia calls itself the “first Cardano metaverse.” Pavia includes 100,000 virtual land parcels as part of its metaverse. Of which, 29,000 land parcels were sold in October and 31,000 land parcels in November of 2021.
The asking prices for plots of land in Pavia start at around $1,000 and go as high as about $1.26 million. According to Pavia, the 40,000 plots left would be sold in the first quarter of 2022.
In addition, Pavia has announced that it would add liquidity to Cardano decentralized exchanges [DEXs] and explore cross-chain liquidity in the first quarter of 2022.
Its launch comes with so much hype and expectations, with many calling Pavia the next Decentraland, only that it uses the eco-friendly Cardano blockchain instead of Ethereum.
On the Flipside
- Cardano makes a late entry into the metaverse and looks to compete with already established projects like The Sandbox and Decentraland.
Why You Should Care
With Pavia now active on the Cardano blockchain, it opens the door for many big projects launching on the Cardano blockchain.
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