Metaverse is still in its infancy. While Ethereum-based metaverse games such as The Sandbox have seen exponential traction, investors are also looking into building projects upon stable PoS networks such as Cardano. Interestingly, one of the idiosyncratic catalysts to ADA’s latest rally is its addition.
As a matter of fact, Pavia’s entry into the Cardano ecosystem comes at a time when its native crypto-asset, ADA, has suffered a consistent downward pressure amidst the market-wide rout. But the NFT activity on top of the network provided a much-needed push to the token, which jumped by over 14% in the last 24-hours and currently trades at $1.55.
Metaverse on Cardano
Pavia – the recently launched gaming application on the Cardano blockchain – has some big plans for this year. So far, the project has issued at least 100,000 “land parcels,” each is being minted as a uniquely numbered Cardano NFT (CNFT) based on coordinates. More than 60% of the land parcels were pre-sold in October and November last year. The rest is slated to go on sale in the current quarter.
According to the official website, Pavia has more than 8,300 landowners. At this stage, however, they cannot visit or deploy any content onto their respective land parcel. The platform revealed that the team was working “to deliver the in-game Pavia experience.”
Similar to other metaverse projects, Pavia also has an in-game currency – PAVIA – used for utility purposes inside its metaverse ecosystem. 25% of this native token was airdrop to Pavia NFT landholders right after a blockchain snapshot in December 2021.
Pavia has also revealed partnering with the cross-game avatar platform for the metaverse – readyplayer.me – to let users design their own avatar compatible outside of the Pavia ecosystem in more than 700 applications and games.
In the first quarter of 2022, Pavia intends to add liquidity to Cardano decentralized exchanges [DEXs] and explore cross-chain liquidity.
It also plans to look into on-platform assets, gamification, etc. The following quarter, the project aims to collate all feedback and “build commencement for the in-game Pavia.io experience look and feel,” double down on interoperability, cross-chain, and the cross metaverse. During the third and fourth quarters, Pavia Plaza will host the first live event, testing of Pavia portals will also begin.