Monday, March 4, 2024
HomeBlockchainMetaverse Makes Entry into Cardano Blockchain with Pavia Launch

Metaverse Makes Entry into Cardano Blockchain with Pavia Launch

Cardano blockchain has been showcasing its unwavering strength since the start of the year, proving the critics wrong for tagging it as a ghost chain.

Cardano is beginning to draw attention once again following a massive surge in price, which led to displacing Solana (SOL) on the market ranking table. According to IOG boss, Charles Hoskinson, Cardano (ADA) is just starting to beat records as many projects are set to launch in 2022, which would in turn increase activity on the network.

Read Also: Cardano-Based Decentralized Exchange, SundaeSwap, Announces Date for Mainnet Launch

Metaverse on the Cardano Blockchain

Pavia, the metaverse project, which recently launched a gaming application on the Cardano blockchain, is similar to Decentraland, but the major difference is that it’s built on a proof of stake (PoS) blockchain.

Although Metaverse is still in its early stage and Ethereum-based metaverse games are already gaining notable traction, many investors have a growing interest in building metaverse projects on top of stable PoS blockchains such as Cardano.

Read Also: Cardano Tops Vitalik Buterin’s Poll: ADA Preferred to Dominate Global Transactions and Savings By 2035

Pavia has so far issued at least 100,000 land parcels, each is being minted as a uniquely numbered Cardano NFT (CNFT) based on coordinates.

In October and November 2021, over 60% of the land parcels were pre-sold, while the rest of the land parcels have been scheduled to go on sale in the current quarter.

As revealed on Pavia’s official website, the metaverse project already has over 8,300 landowners. With current input, the team promises to deliver a great in-game experience for users.

Read Also: Cardano Becoming Leader in Climate Impact: 1 Million Trees Now Planted and Recorded On Cardano Blockchain

Like other metaverse projects, Pavia also has a currency known as PAVIA. The token will be used as utility. After the snapshot of December 2021, 25% of PAVIA was airdropped to Pavia NFT landholders.

<

In the first quarter of this year, the metaverse project plans to explore cross-chain liquidity and add liquidity to Cardano decentralized exchanges.


Follow us on Twitter, Facebook, and Telegram

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles