Metaverse Project Pavia Enters The Cardano Ecosystem

The Metaverse project Pavia entered the Cardano ecosystem which is similar to Decentraland but with one huge difference, it is built on the Proof of Stake. In today’s Cardano news, we are taking a closer look at this new project.

Metaverse is still in its infancy while the Ethereum-based metaverse games like the Sandbox already saw huge growth with investors looking to build projects upon stable PoS networks like Cardano. As a matter of fact, the Metaverse project Pavia entered the Cardano ecosystem at a time when the ADA token suffered a strong pressure to the downward amidst the market-wide route. But the NFT activity on the network provided another push to the token that jumped by over 14% in the past 24 hours and trades at $1.55.

"Why the price of Ethereum rival Cardano is suddenly soaring" @Forbes Mentions https://t.co/lNyCpRhWGo 👀 One thing is for sure, as a #metaverse project we have seen a huge increase recently from the wider crypto-space and beyond. @IOHKMedia @SundaeSwap https://t.co/x6d9Hbgb3o pic.twitter.com/E0aKTDOg9l

— Pavia.io (@Pavia_io) January 17, 2022

Pavia is a gaming application on the Cardano blockchain and has some big plans for the year. So far, the project issued 100,000 land parcels with each one being minted as a uniquely numbered Cardano NFT. More than 60% of the land parcels were pre-sold in November and October with the rest slated to go on sale in the current quarter. According to its website, Pavia has more than 8300 landowners and now they cannot visit or deploy content into their land parcels. The platform revealed that the team is working to deliver an in-game Pavia experience.

Similar to other projects, Pavia has an in-game currency PAVIA which is used for utility purposes inside the metaverse ecosystem. 25% of the native token was airdrop to the NFT landholders right after the blockchain snapshot at the end of 2021. Pavia revealed a partnership with the cross-game avatar platform for the metaverse readyplayer.me to allow users to design their own avatars in more than 700 applications and games. Pavia intends to add liquidity to Cardano DEXs and explore the cross-chain liquidity.

It also plans to look into on-platform assets and more. The following quarter, the project aims to collate the feedback and build some commencement for the in-game Pavia.io experience. During the third and fourth quarters, Pavia Plaza will also host its first live event and will test the Pavia portals.

As recently reported, After the unsuccessful attempt to overcome the $44,000 price range, BTC retraced once again and dipped below $43,000 with most other altcoins being in the red on a daily scale while Cardano continues to make some impressive gains following the double-digit surge. Ahead of the weekend, the primary cryptocurrency dropped to a $2000 to a low below $42,000 after failing to reclaim $44,000 so the bears were trying to bring some more pain as the bulls came out to play next.